capitalism

noun

1. 1

   A socio-economic system based on private ownership of resources or capital.

2. 2

   An economic system based on private ownership of the means of production and their operation for profit.

3. 3

   (economic liberalism) A socio-economic system based on private property rights, including the private ownership of resources or capital, with economic decisions made largely through the operation of a market unregulated by the state.

4. 4

   (economic liberalism) An economic system based on the abstraction of resources into the form of privately owned capital, with economic decisions made largely through the operation of a market unregulated by the state.