Capitalism is based on private ownership, economic freedom, and fair competition.

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Capitalism is a system where individuals or private entities own and control the means of production and distribution of goods and services. It is characterized by economic freedom, which means that anyone is free to start a business, invest capital, and engage in voluntary exchanges with others. And, it is also marked by fair competition, where producers or sellers compete with each other in a free market to provide the best products and services to consumers at the most reasonable price.

Capitalism Is Based on Private Ownership, Economic Freedom, and Fair