capitalism

capitalism

CEFR: C1-C2 /cap-i-tal-ism/ [k.ae1.p.ih0.t.ah0.l.ih2.z.ah0.m]

Definition: An economic and political system in which a country’s trade and industry are controlled by private owners for profit, rather than by the state.

Example Sentences:
Under capitalism all profit is ultimately the result of the exploitation of the workers