From Longman Business Dictionary
capitalismcap·i·tal·is·m /ˈkæpətl-ɪzəm/ noun [uncountableU] ECONOMICS a system of production and trade based on property and wealth being owned by private business and ordinary people, rather than the stateSweden’s ‘middle way’ between communism and capitalism: a free-market economy committed to social justice
→ crony capitalism → popular capitalism → state capitalism