Meaning of CAPITALISM in English
A form of economic order characterized by private ownership of the means of production and the freedom of private owners to use, buy and sell their property or services on the market at voluntarily agreed prices and terms, with only minimal interference with such transactions by the state or other authoritative third parties.
[See also: market , market economy , communism ]
English glossary of political economy terms. Английский глоссарий политико-экономических терминов. 2012