capitalist society

A capitalist society is an economic system where individuals and businesses own property and resources, and decisions about investment, production, and pricing are driven by market forces like supply and demand. People aim to earn profits by offering goods and services, leading to competition that encourages innovation and efficiency. Wealth and resources are distributed based on market success, which can result in economic inequality. Capitalism emphasizes private ownership, free enterprise, and minimal government interference, fostering opportunities for entrepreneurship and economic growth, while also requiring regulations to address potential social and economic imbalances.