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Capitalism vs Collectivism - What's the difference?

capitalism | collectivism |

As nouns the difference between capitalism and collectivism

is that capitalism is a socio-economic system based on private property rights, including the private ownership of resources or capital, with economic decisions made largely through the operation of a market unregulated by the state while collectivism is an economic system in which the means of production and distribution are owned and controlled by the people collectively.

capitalism

English

Noun

  • (politics, uncountable) a socio-economic system based on private property rights, including the private ownership of resources or capital, with economic decisions made largely through the operation of a market unregulated by the state.
  • (economics, uncountable) a socio-economic system based on the abstraction of resources into the form of privately owned capital, with economic decisions made largely through the operation of a market unregulated by the state.
  • (countable) a specific variation or implementation of either such socio-economic system.

    • Quotations

    *

    External links

    * (wikipedia) English words suffixed with -ism

    collectivism

    English

    Noun

    (wikipedia collectivism) (-)
  • An economic system in which the means of production and distribution are owned and controlled by the people collectively

    • Antonyms

    * individualism

    Related terms

    * collectivist

    See also

    * communism English words suffixed with -ism