CAPITALIST ECONOMY

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

An economic system based on private ownership of capital

Synonyms:

capitalism; capitalist economy

Classified under:

Nouns denoting groupings of people or objects

Hypernyms ("capitalist economy" is a kind of...):

free enterprise; laissez-faire economy; market economy; private enterprise (an economy that relies chiefly on market forces to allocate goods and resources and to determine prices)

Hyponyms (each of the following is a kind of "capitalist economy"):

venture capitalism (capitalism that invests in innovative enterprises (especially high technology) where the potential profits are large)

Credits