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capitalist economy
DEFINITIONS OF:
capitalist economy
1
n
an economic system based on private ownership of capital
Synonyms:
capitalism
Antonyms:
socialism
,
socialist economy
an economic system based on state ownership of capital
Types:
venture capitalism
capitalism that invests in innovative enterprises (especially high technology) where the potential profits are large
Type of:
free enterprise
,
laissez-faire economy
,
market economy
,
private enterprise
an economy that relies chiefly on market forces to allocate goods and resources and to determine prices
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