Capitalist economy

A capitalist economy is a system where private individuals and businesses own the means of production and operate for profit. Prices and production levels are mainly determined by supply and demand in the marketplace. People freely choose to buy, sell, and invest, which encourages innovation and efficiency. The government’s role is limited, primarily to enforce laws and protect property rights. This system aims to generate wealth through competition, motivating entrepreneurs to develop new products and services, ultimately promoting economic growth and individual opportunity.