capitalism
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capitalism
An economic and social system based on private ownership of the means of production and on the control of production and consumption through the market (supply and demand).
Im Kapitalismus spielt der Wettbewerb zwischen Unternehmen eine zentrale Rolle.
In capitalism, competition between companies plays a central role.
The word ends in '-ismus' (-ism). This ending is used in German for many political, social, or philosophical systems and ideas, for example 'Sozialismus' (socialism) or 'Feminismus' (feminism).
Der Künstler kritisierte in seinen Werken den Konsumismus.
In his works, the artist criticized consumerism.
The word stem is 'Kapital' (capital). 'Das Kapital' refers to money and other assets that are used for investments. Capitalism is therefore the system based on the use of capital.
Um eine Firma zu gründen, braucht man Startkapital.
To start a company, you need start-up capital.
In discussions, 'Kapitalismus' (capitalism) is often combined with certain phrases. Common ones are 'Kritik am Kapitalismus üben' (to criticize capitalism), 'die Folgen des Kapitalismus' (the consequences of capitalism), or 'der moderne/globale Kapitalismus' (modern/global capitalism).
Viele Bücher beschäftigen sich mit der Kritik am modernen Kapitalismus.
Many books deal with criticism of modern capitalism.
market economy
Both words can refer to an economic system with private companies and markets. „Kapitalismus“ is the broader term for an economic and social system with private ownership of the means of production. „Marktwirtschaft“, by contrast, emphasizes the regulation of production and prices through supply and demand.
Im Kapitalismus befinden sich die Produktionsmittel überwiegend in privatem Eigentum.
Under capitalism, the means of production are predominantly privately owned.
In der Marktwirtschaft bestimmen Angebot und Nachfrage überwiegend die Preise.
In a market economy, prices are determined mainly by supply and demand.
