capitalist economy
- noun
- /ˈkæpɪtəlɪst ɪˈkɒnəmi/
- In a capitalist economy, businesses operate privately to maximize profits and compete in the marketplace.
- a modern capitalist economy
- an advanced capitalist economy
- a global capitalist economy
Examples
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Chile has a capitalist economy, even though it is an authoritarian state.
Academic text (1991) -
Second, civil society was engendered by the development of the capitalist economy.
Academic text (1992) -
You have no idea how the capitalist economy runs, what makes it run, and why.
Blog text (23) -
I mean, in a capitalist economy, you do need markets and you do need traders.
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Scholars pointed to these values as the foundations of the developing capitalist economy.
Academic text (2007) -
Old norms prevented the elite from understanding the logic of a capitalist economy.
Academic text (2000) -
The guarantee of a capitalist economy is not a guarantee against cartelization and monopolization.
Academic text (1990) -
The centrality of advanced industrial capitalist economies to the presently developing global economy is indisputable.
Academic text (1999) -
Somehow, we have managed to persuade ourselves that the capitalist economy must be fueled only by profit maximization.
Academic text (1998) -
In many different ways, Otavalo's agricultural peasant communities have been trapped and exploited by the growing capitalist economy.
Academic text (1997)
Synonyms
A system where people or companies own businesses and property to make money
A system where people and businesses buy and sell goods and prices are set by supply and demand
A system where private businesses compete and the market sets prices with little government control
Businesses owned and run by people or companies, not the government
Antonyms
A system where the state or community owns major businesses and resources instead of private owners
A system where the government controls what is made, how goods are shared, and their prices
How Capitalist
- Specialized
- Specialized
- Specialized
- Specialized
- Specialized
Surface Forms
Morphology
The meaning is directly compositional: 'capitalist' (relating to private ownership/profit) modifies 'economy' (the system of production and distribution), so a B1 learner who knows both constituents can infer 'an economy based on private ownership and profit'. This adjective+noun combination follows common cross-linguistic patterns and is not idiomatic or metaphorical, making it transparently understandable.
Etymology
Capitalist economy comes from capital, meaning money or goods used to start or grow a business, and from capitalist, a person who owns that money. So, picture private people using their own money to run businesses and try to make 'profit', and you can see why the phrase means an economy where 'private' owners control trade and business rather than the state.