CAPITALISM: WORD FOR TODAY

photo credit: Mtholyoke

                   
Capitalism is a Noun, and is defined as follows;

An economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.
synonyms: free enterprise, private enterprise, the free market; enterprise culture.

Economic System based (to a varying degree) on private ownership of the factors of production (capital, land, and labor) employed in generation of profits. It is the oldest and most common of all economic systems and, in general, is synonymous with free market system. (BusinessDictionary.com)

An economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market.
an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market. Merriam-Webster

An economic and political system characterized by a free market for goods and services and private control of production and consumption. (Compare socialism and communism.) Dictionary.reference.com

ITK OR PEDANT: CHECKOUT THE WORD FOR TODAY

This is the first article in a series of "know your English vocabularies" campaign for better communication. The various definitions of the word "pendant" are as follows;

Pedant /ˈpednt/ Noun

A person who is excessively concerned with minor details and rules or with displaying academic learning.
synonyms: dogmatist, purist, literalist, formalist, doctrinaire, perfectionist... (Google)

pedant: one who acts in the role as teacher/lecturer, often without invitation. Usually considered pejorative.
Check out that dude over there: he's a a pedant. If you say the word 'grape', he'll be talking about wine for a long, long time (Urban Dictionary)

A person who makes an excessive or inappropriate display of learning. 2. a person who overemphasizes rules or minor details. 3. a person who adheres rigidly to book knowledge without regard to common sense. (dictionary.reference.com)

PEDANT. 1. obsolete : a male schoolteacher. 2. a : one who makes a show of knowledge (Merriam-Webster Dictionary)

In Nigeria it is known as ITK. Feel free to share your opinion by commenting?