Pronunciation: [kˈapɪtəlˌɪzəm] (IPA) 
The word "capitalism" is spelled as /kap-i-tl-iz-uhm/. The first four letters "cap-i" sound like "kap-i" in "capital" and the next section "tl" is pronounced like "t+L". The "izm" at the end is pronounced as "iz-uhm." The root word, capital, refers to the money used to invest in business ventures. Capitalism is an economic system where capital is used to create wealth and improve living standards.
Capitalism is an economic system characterized by private ownership of the means of production and the pursuit of profit. It is a system in which individuals and businesses operate for their own self-interest and engage in voluntary transactions in the marketplace.
In a capitalist economy, resources such as land, labor, and capital are owned by individuals and private companies rather than by the state. These entities are motivated by the drive to generate profit and accumulate wealth. The competition for profit acts as a driving force that encourages innovation, efficiency, and productivity.
One of the key principles of capitalism is free market exchange, where goods and services are bought and sold based on their perceived value. Prices are determined by supply and demand, with consumers and producers constantly interacting in a mechanism known as the market forces.
While capitalism allows for freedom, it is also marked by a certain level of risk and inequality. Opportunities for economic success are available to those who have access to capital and resources, which can create disparities amongst individuals and social classes. However, capitalism also provides the potential to improve living standards, create employment opportunities, and foster economic growth.
Critics argue that capitalism can lead to exploitation, wealth concentration, and environmental degradation. Advocates, on the other hand, emphasize that it empowers individuals and promotes prosperity through competition and market-driven incentives. Overall, capitalism represents an economic framework where private ownership, profit-making, voluntary exchanges, and competitive markets are essential components.
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
The word "capitalism" originated from the Latin word "capitalis", which means "of the head" or "related to the head". The term was initially used in the 17th century to describe the emerging economic system, in which the means of production and distribution are predominantly privately owned and operated for profit. The word "capital" refers to wealth or assets that are used to generate more wealth. Combining "capital" with the suffix "-ism", which indicates a system or ideology, resulted in the term "capitalism". The concept of capitalism gained popularity through the writings of economists like Adam Smith and Karl Marx in the 18th and 19th centuries, which further solidified the term's usage and meaning.
