capitalism

Definition

Capitalism is an economic system in which private individuals rather than the state own and control property and businesses, operating for profit. Under capitalism, the production, distribution, and prices of goods and services are determined primarily by competition in a free market.

Analogy

Think of capitalism as a game where players compete to build the most successful business empire on a Monopoly board. Just as players buy properties, invest in them, and charge rent to earn money with the goal of outcompeting others, capitalists invest in businesses and compete in the market to generate profits.

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