Capitalism is a system of economic organization based on

Capitalism is a system of economic organization based on individual ownership of the means of production. In this system, individuals are free to own and control their own property, including factories, land, and other resources. The goal of capitalism is to create wealth through the production and sale of goods and services, with prices determined by supply and demand in a competitive market. The system emphasizes individual initiative and rewards for hard work, with profits going to those who own and control the means of production.