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Word: capitalism
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Meaning:
Noun:
- economics|uncountable a socio-economic system based on the abstraction of resources into the form of privately-owned capital, with economic decisions made largely through the operation of an unregulated market.
- politics|uncountable 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 an unregulated market.
- countable a specific variation or implementation of either such socio-economic system.
Source: Wiktionary
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