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Capitalism |
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CapitalismAn economic system in which capital is mostly owned by private individuals and corporations. Contrasts with communism.Similar MatchesCrony capitalismCrony capitalismUsed to describe a capitalist economy in which government or corporate officials and insiders provide lucrative opportunities for their friends and relatives. Term became popular during the Asian Crisis to describe some of the victim countries, but is now often used elsewhere as well. |
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