capitalism

Gloria C.
10 words 3 learners

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Full list of words from this list:

words only definitions & notes
  1. capitalism
    an economic system based on private ownership of assets
    Capitalism is based on free enterprise.
  2. capitalist
    of an economic system based on private ownership
    Capitalist economic systems exist in Australia, Canada, New Zealand, the United States, and many countries of Europe.
  3. expand
    extend in one or more directions
    The role of capitalism is expanding in many less developed countries as well.
  4. enterprise
    a purposeful or industrious undertaking
    Capitalism is based on free enterprise.
  5. develop
    progress or evolve through a process of natural growth
    The role of capitalism is expanding in many less developed countries as well.
  6. determine
    find out or learn with certainty, as by making an inquiry
    Individuals and private firms determine what to produce and sell, and how to use their income.
  7. sell
    exchange or deliver for money or its equivalent
    Individuals and private firms determine what to produce and sell, and how to use their income.
  8. production
    the act or process of making something
    Free enterprise means that most of the resources needed for production are privately owned.
  9. firm
    not soft or yielding to pressure
    Individuals and private firms determine what to produce and sell, and how to use their income.
  10. free
    able to act at will
    Capitalism is based on free enterprise.
Created on Thu Jan 26 22:03:59 EST 2012 (updated Thu Jan 26 23:18:36 EST 2012)

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