WHAT IS CAPITALISM?
Capitalism is a system based on individual rights and a hands-off (or laissez-faire) approach. Businesses are controlled privately which results in a free-market.
WHAT IS FREE MARKET?An economic system where businesses are free to decide what and how they will produce and consumers are free to decide what to buy and who from.Free markets allow the most economic freedom of any system. Free markets can easily keep up with the changing economy, because they are consumer driven rather than government driven. Rather than the government trying to meet the needs of the consumers, the consumers decide. Free markets also allow for the most economic growth since it is based on a principle of competition and innovation.
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BY: MABEL PADILLA AND ALEX PLUMER