Capitalism is an economic system which emphasizes

Capitalism is an economic system that emphasizes individualism. In a capitalist system, individuals have the freedom to own property, make their own economic decisions, and pursue their own self-interest. The market, driven by the interactions between buyers and sellers, determines prices and production decisions. Competition is a key feature of capitalism, as it is believed to encourage innovation and efficiency. While capitalism allows individuals to accumulate wealth and pursue their own goals, it can also lead to economic inequality and exploitation.