Capitalism and Mercantilism

Capitalism

Capitalism is an economic system that is based on private ownership of the means of production and the creation of goods or services for profit.

capitalism n : an economic system based on private ownership of capital [syn: {capitalist economy}] [ant: {socialism}]

24 Moby Thesaurus words for "capitalism": capitalistic system, finance capitalism, free competition, free economy, free enterprise, free trade, free-enterprise economy, free-enterprise system, individualism, isolationism, laissez-aller, laissez-faire, laissez-faireism, let-alone policy, let-alone principle, liberalism, noninterference, nonintervention, private enterprise, private ownership, private sector, rugged individualism, self-regulating market, state capitalism

capitalism \cap"i*tal*is`m\ (k[a^]p"[i^]*tal*[i^]z`m), n. An economic system based on predominantly private (individual or corporate) investment in and ownership of the means of production, distribution, and exchange of goods and wealth; contrasted with {socialism} or especially {communism}, in which the state has the predominant role in the economy. Syn: capitalist economy. [WordNet 1.5 +PJC]

Mercantilism

Mercantilism is the economic doctrine that government control of foreign trade is of paramount importance for ensuring the military security of the state.

mercantilism n 1: an economic system (Europe in 18th C) to increase a nation's wealth by government regulation of all of the nation's commercial interests [syn: {mercantile system}] 2: transactions (sales and purchases) having the objective of supplying commodities (goods and services) [syn: {commerce}, {commercialism}]

Data Sources:

  • capitalism: WordNet (r) 2.0
  • capitalism: Moby Thesaurus II by Grady Ward, 1.0
  • capitalism: The Collaborative International Dictionary of English v.0.44
  • mercantilism: WordNet (r) 2.0

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