What is the meaning of capitalism?

capitalism is an economic system based on private ownership of the means of production. Under capitalism, individuals, companies or corporations invest in, own, and share in profits (or losses) of the entities that produce goods, distribute products or provide services.

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APABarry Goldsmith. (2010). capitalism. Retrieved September 24, 2026, from http://smartdefine.org/capitalism/definitions/1149413
ChicagoBarry Goldsmith. 2010. "capitalism" http://smartdefine.org/capitalism/definitions/1149413 (accessed September 24, 2026).
HarvardBarry Goldsmith 2010, capitalism, Smart Define, viewed 24 September, 2026, <http://smartdefine.org/capitalism/definitions/1149413>.
MLABarry Goldsmith. "capitalism" 21 October 2010. Web. 24 September 2026. <http://smartdefine.org/capitalism/definitions/1149413>
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