General English

  • noun an economic system in which industries and businesses are owned by people or companies and not by the state


  • noun the economic system where each person has the right to invest money, to work in competitive business and to buy and sell, with no restriction from the state

Media Studies

  • noun an economic system in which goods are owned and controlled by private individuals and their movements dictated by the free market


  • noun an economic system involving investment and profit-making by private individuals.


  • noun the belief in the economic system based on the private ownership of money and property used to create profits
  • noun the economic system, where money and property are owned privately and businesses are run for profit by their owners rather than by the state