The terms “capitalist economy” and “free market economy” are often used interchangeably, but there are differences, at least in the theories that underpin them. In both, th… See more

Capitalismis an economic system that maintains that the production of goods and services should remain in the hands of private individuals and businesses, not governmen… See more

Free market economies are defined by a lack of government intervention and regulation. Few or no rules and regulations apply to the production, sale, or purchase of goods an… See more

A free market system can exist only within a capitalist society. The ownership by individuals of the means of production is assumed. Their profit motive is seen as the most efficie… See more