Define capitalism.

Capitalism is an economic system in which private individuals or businesses own and control the means of production and distribution of goods and services. In a capitalist system, goods and services are produced and exchanged in a free market, where prices are determined by supply and demand. Profit is the main incentive for individuals and businesses to engage in economic activities, and competition is encouraged to drive innovation and efficiency.

Capitalism is an economic system based on private ownership of the means of production and their operation for profit. Characterized by a free market and a price system.