What is the purest form of capitalism?

The purest form of capitalism is free-market or laissez-faire capitalism. Here, private individuals are unrestrained. They may determine where to invest, what to produce or sell, and at which prices to exchange goods and services. The laissez-faire marketplace operates without checks or controls.

What is capitalism in economics?

Capitalism is an economic system where means of production is privately owned and operated for profit. Property owned by individuals, not by the government is often called private property.

What is a capitalist system?

In a capitalist system, the person who owns the property is entitled to any value associated with that property. For individuals or businesses to deploy their capital goods confidently, a system must exist that protects their legal right to own or transfer private property.