CAPITALISTIC Meaning and
Definition
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Capitalistic refers to the economic and social system characterized by private ownership of the means of production, where businesses and industries are privately owned and operated for profit. In such a system, the allocation of resources and production decisions are predominantly driven by market forces rather than government control. Capitalistic societies are typically characterized by the pursuit of individual economic interests and the accumulation of capital, with the ultimate goal of maximizing profit and economic growth.
Within a capitalistic system, individuals and companies engage in economic activities with the intention of generating financial returns on investment. These activities may involve the production and distribution of goods and services, as well as investment in various financial instruments such as stocks, bonds, and real estate.
Capitalistic economies generally encourage competition among businesses, as it is believed to promote efficiency and innovation, leading to overall economic growth. Supporters argue that the capitalistic system empowers individuals to pursue their own economic goals and allows for the efficient allocation of resources through market mechanisms such as supply and demand.
Critics, however, point out that the pursuit of profit in a capitalistic system may lead to income inequality, exploitation of workers, and environmental degradation if not properly regulated. They argue for the need of government intervention and regulation to ensure fairness and social welfare. Overall, capitalistic societies have diverse characteristics and vary in their degree of regulation and government involvement in the economy.
Top Common Misspellings for CAPITALISTIC *
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Other Common Misspellings for CAPITALISTIC
Etymology of CAPITALISTIC
The word "capitalistic" derives from the noun "capitalism", which refers to an economic system characterized by the means of production being owned by private individuals or corporations, with profit being the main driving force.
The term "capitalism" originated in the mid-19th century, emerging from the word "capital", which originally referred to funds, wealth, or resources that could be used to generate more wealth. The term "capitalism" was coined in French as "capitalisme" by French socialist Louis Blanc in his book "Organisation du travail", published in 1840.
From the French, the term traveled to English, where it was adapted as "capitalism" during the mid-19th century. Initially, the term was used by socialists and critics of the economic system to describe the dominance of capital and its effects on labor and society.
Similar spelling words for CAPITALISTIC
- capitalization,
- capitalize,
- Capital Of Laos,
- Capital Of Iraq,
- capitulation,
- capital account,
- capital ship,
- Capital Of Cuba,
- capitalise,
- capitalism,
- capital levy,
- capital gain,
- capital of chad,
- capital loss,
- capitualtion,
- capitalist,
- Capital Of Togo,
- capital cost,
- Capital Of Iowa,
- capital stock,
- capital letter,
- Capital Of Iran,
- capitalisation.
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