What does capitalism mean?
An economic system in which private individuals and businesses own and operate the means of production, with the goal of maximizing profits. It is characterized by free market exchange and the creation of goods and services for profit.
Example
"The company's success was a prime example of the power of capitalism in driving innovation and economic growth."
Reviewed by Deb Chak, Editor. AI-assisted content curated by RJS Tech Solutions LLP.