Meaning of the word capitalistic in English

What does capitalistic mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

capitalistic

US /ˌkæp.ə.t̬əlˈɪs.tɪk/
UK /ˌkæp.ɪ.təlˈɪs.tɪk/
"capitalistic" picture

Adjective

supporting or based on the principles of capitalism

Example:
The country transitioned from a socialist to a capitalistic economy.
Critics argue that capitalistic systems prioritize profit over people.
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