Học từ vựng | Vocabulary learning |capitalism


capitalism ()

/ˈkæp.ə.t̬əl.ɪ.zəm/
/ˈkæp.ɪ.təl.ɪ.zəm/

an economic system where private companies make goods for profit

Most industries in the world today are based on capitalism.
In a capitalist economy, businesses operate with the goal of maximizing profit, and the forces of supply and demand largely determine prices and production.
The stock market is a key component of capitalist systems, where individuals and institutions can buy and sell shares in publicly traded companies.
Capitalism encourages competition and innovation, as companies strive to create new products and services to attract consumers in a free-market environment.


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