What is the definition of Profit system? | Dictionary.net

PROFIT SYSTEM

\pɹˈɒfɪt sˈɪstəm], \pɹˈɒfɪt sˈɪstəm], \p_ɹ_ˈɒ_f_ɪ_t s_ˈɪ_s_t_ə_m]\

Definitions of PROFIT SYSTEM

1910 - Black's Law Dictionary (2nd edition)

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A form of economic ideology where profit remains the final goal, and no intervention by the government is done. This is one of the products of the capitalist ideology.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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