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capitalism  

Definition

  • Capitalism has frequently been identified as the central driving force of modernity, sometimes alone, but usually in combination with the state, religious or philosophical ideas, or a combination of them. As a starting point, capitalism can be defined as a system of production and exchange operating on a continual basis in which goods (commodities) are produced to be sold on a market with the aim of maximizing profit. [Source: Encyclopedia of Consumer Culture; Capitalism]

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https://concepts.sagepub.com/social-science/concept/capitalism

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