Plainly

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capitalism

noun

KAP-ih-tuh-liz-um

meaning in plain English

An economic system where regular people or companies own things like factories, land, or tools, and use them to make money for themselves.

Picture a shop owner shouting 'my shop, my rules'—that's capitalism, where people own and profit from what they run.

for example

In capitalism, a person might start a bakery to sell bread and keep the profits for themselves.

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