Definition, Meaning & Synonyms
capitalistic
Adjective
/ˌkæpɪtəlˈɪstɪk/
Definition
Relating to or characteristic of a capitalist system, where trade and industry are controlled by private owners for profit.
Examples
- The capitalistic economy encourages competition among businesses.
- In a capitalistic society, profit motives drive innovation and growth.
- Critics argue that a capitalistic system can lead to economic inequality.
Meaning
Capitalistic refers to an economic system where the means of production are owned privately and goods and services are produced for profit.
Synonyms
- Market-oriented
- Free-market
- Profit-driven
