capitalism | meaning of capitalism in Longman Dictionary of Contemporary English | LDOCE

From Longman Dictionary of Contemporary EnglishRelated topics: Economics, Groupingscapitalismcap‧i‧tal‧is‧m /ˈkæpətl-ɪzəm/ ●○○ noun [uncountable]    PEan economic and political system in which businesses belong mostly to private owners, not to the government → communism, socialismExamples from the Corpuscapitalism• Compassionate capitalism is not about making money, but about being free to be and to do what we dream.• The institutions of manufacturing capitalism gradually spread worldwide.• His work counters the contention that these relations of production are best explained by the needs of capitalism.• This is a basic principle of capitalism.• The existence of surplus labour is not con fined to capitalism.• One way to discover what capitalism is and how it works is to try it for yourself.• Changes within capitalism generate new forms of spatial organization at the same time as they create new forms of social organization.From Longman Business Dictionarycapitalismcap‧i‧tal‧is‧m /ˈkæpətl-ɪzəm/ noun [uncountable] ECONOMICS a system of production and trade based on property and wealth being owned by private business and ordinary people, rather than the stateSweden’s ‘middle way’ between communism and capitalism: a free-market economy committed to social justice → crony capitalism → popular capitalism → state capitalism