capitalism · noun U /ˈkæp.ət̬.əl.ɪ.zəm/Full view
capitalism
C2 a political and economic system in which industry is owned privately for profit and not by the state
Dictionary example:

Modern capitalism has shaped the global economy.

Learner example:

Although living in the former DDR was almost like living in prison, the film shows the problem of unemployment and the negative results of capitalism. (Certificate of Proficiency in English; C2; German)

Cambridge University Press