Capitalist democracy is a form of government where political power is exercised through elected representatives and economic power is held by private individuals or corporations within a free-market system.
Think of capitalist democracy as a school fair. Everyone gets to vote on what games will be played (democracy), but individual stalls are owned and run by different people who decide what they'll sell and at what price (capitalism).
Free Market: An economic system based on supply and demand with little or no government control.
Private Property: A legal designation for ownership of property by non-governmental legal entities.
Representative Democracy: A type of democracy founded on the principle of elected officials representing a group of people, as opposed to direct democracy.
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