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capitalist economy

Definitions

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • n. an economic system based on private ownership of capital

Etymologies

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Examples

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Comments

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  • I think J.K. Galbraith said this first.

    July 18, 2008

  • "John Clarke: In a capitalist economy man exploits man, of course.
    Brian Dawe: And in a socialist economy?
    John Clarke: It's completely the opposite."
    - comedy sketch, ABC TV, 17 July 2008.

    July 18, 2008