eCapitalism.com
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Capitalism is an economic system characterized by private ownership of the means of production, where goods and services are produced for profit in a competitive market. In capitalism, individuals and businesses have the freedom to operate, invest, and trade, driven by the motive of earning profits. The prices, production, and distribution of goods are determined primarily by competition within free markets. Key features include the protection of private property rights, voluntary exchange, and minimal government intervention in economic affairs. This system encourages innovation, efficiency, and economic growth by allowing market forces to allocate resources effectively .