Webster's English Dictionary

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capitalism

cap.i.tal.ism \'kap-*t-*l-.iz-*m, 'kap-t*l-\ n : an economic system 
   characterized by private or corporation ownership of  capital goods, by 
   investments that are determined by private decision rather than by state 
   control, and by prices, production, and the distribution of goods that are 
   determined mainly in a free market