Meaning of the word "capitalize on" in English

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

capitalize on

US /ˈkæp.ɪ.təl.aɪz ɑːn/
UK /ˈkæp.ɪ.təl.aɪz ɑːn/
"capitalize on" picture

Phrasal Verb

1.

to take advantage of a situation to gain an advantage for oneself

Example:
We should capitalize on this opportunity to expand our business.
The team failed to capitalize on their opponent's mistakes.
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