Meaning | An economic system based on private ownership of capital. |
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Synonym | capitalism |
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Narrower | venture capitalism | capitalism that invests in innovative / innovative enterprises / enterprises (especially high technology) where the potential profits / profits are large |
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Broader | market economy, free enterprise, private enterprise, laissez-faire economy | An economy that relies chiefly on market forces to allocate goods and resources and to determine prices |
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Opposite | socialism, socialist economy | An economic system based on state ownership of capital |
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Spanish | capitalismo |
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Catalan | capitalisme |
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