The idea of capitalism is interchangeable with the idea of free markets.

Question

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Capitalism is an economic system where private individuals own and control property in accord with their interests, and demand and supply freely set prices in markets in a way that can serve the best interests of society. However, the idea of free markets, while a component of capitalism, emphasizes an economic system where the government imposes few or no restrictions and regulations on buyers and sellers. Capitalism can exist without completely free markets, as governments may regulate or intervene in the economy to some extent.

The Idea of Capitalism Is Interchangeable with the Idea of Free