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capitalism

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capitalism

Economic system in which the principal means of production, distribution, and exchange are in private (individual or corporate) hands and competitively operated for profit. A mixed economy combines the private enterprise of capitalism and a degree of state monopoly, as in nationalized industries and welfare services.

Most capitalist economies are actually mixed economies, but some (such as the US and Japanese) have a greater share of the economy devoted to free enterprise.



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? Mentioned in ? References in classic literature
 
Following upon Capitalism, it was held, even by such intellectual and antagonistic giants as Herbert Spencer, that Socialism would come.
The Iron Heel by London, Jack View in context
Capitalism has made socialism, and the laws made by the capitalism for the protection of property are responsible for anarchism.
The Secret Agent by Conrad, Joseph View in context
It was a monster devouring with a thousand mouths, trampling with a thousand hoofs; it was the Great Butcher--it was the spirit of Capitalism made flesh.
The Jungle by Sinclair, Upton View in context
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