Capitalist system: meaning, definitions and examples
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capitalist system
[ ˈkapɪtəlɪst ˈsɪstəm ]
economic system
A capitalist system is an economic system where private individuals own the means of production and operate them for profit. The key features of a capitalist system include private property rights, free markets, competition, and the pursuit of profit. In a capitalist system, the government's role is limited to protecting private property rights and enforcing contracts.
Synonyms
free market system, market economy
Examples of usage
- Many countries around the world have adopted a capitalist system.
- In a capitalist system, individuals are free to start their own businesses and compete in the market.
- The United States is often seen as a prime example of a capitalist system.
Translations
Translations of the word "capitalist system" in other languages:
🇵🇹 sistema capitalista
🇮🇳 पूंजीवादी प्रणाली
🇩🇪 kapitalistisches System
🇮🇩 sistem kapitalis
🇺🇦 капіталістична система
🇵🇱 system kapitalistyczny
🇯🇵 資本主義システム (shihon shugi shisutemu)
🇫🇷 système capitaliste
🇪🇸 sistema capitalista
🇹🇷 kapitalist sistem
🇰🇷 자본주의 시스템 (jabonjuui siseutem)
🇸🇦 النظام الرأسمالي (al-nizam al-ra'smali)
🇨🇿 kapitalistický systém
🇸🇰 kapitalistický systém
🇨🇳 资本主义制度 (zīběn zhǔyì zhìdù)
🇸🇮 kapitalistični sistem
🇮🇸 kapítalískt kerfi
🇰🇿 капиталистік жүйе (kapitalistik zhüye)
🇬🇪 კაპიტალისტური სისტემა (kapitalisturi sistema)
🇦🇿 kapitalist sistem
🇲🇽 sistema capitalista
Word origin
The capitalist system traces its origins back to the Industrial Revolution in the 18th and 19th centuries, when technological advancements and the rise of capitalism led to a shift from agrarian economies to industrial economies. The development of capitalism was influenced by economic theories such as those of Adam Smith and David Ricardo. Over time, capitalism has evolved and taken different forms, with variations in government involvement and regulation.