capitalism
Pronunciation
[change]- (UK) IPA (key): /ˈkapɪt(ə)lɪz(ə)m/
- (US) enPR: kăpʹĭ-tl-ĭz'm, IPA (key): /ˈkæpɪ̈tl̩ˌɪzm̩/
Audio (UK) (file)
Noun
[change]- (uncountable) Capitalism is an economic system in which ordinary people own land and businesses and use them to increase their wealth.
- East Germany changed from the Soviet Union's type of socialism to the Western type of capitalism after the fall of the Berlin Wall.
- Many people blame capitalism for poverty and pollution.