WORLD HISTORY

Detailed explanation-1: -capitalism, also called free market economy or free enterprise economy, economic system, dominant in the Western world since the breakup of feudalism, in which most means of production are privately owned and production is guided and income distributed largely through the operation of markets.

Detailed explanation-2: -Pure capitalism is a free, private economic system that allows voluntary and competing private individuals to plan, produce, and trade without government interference.

Detailed explanation-3: -Capitalism. Capitalism is an economic system based on the private ownership of the means of production and their operation for profit.

Detailed explanation-4: -Free enterprise, or the free market, is an economic system where private individuals can form companies and buy and sell competitively in the market with a minimum of government interference.