Business Free

Capitalism is an economic system of how production is organized, whereby private business owners (capitalists) own the means of production and are entitled to the profits of goods sold. These individuals, in turn, hire workers to use the means of production in return for wages or a salary; the workers do not own them, nor the finished products that they make, and are not entitled to any profits, only their income.
Free markets are a mechanism for distributing and allocating goods that have been produced by way of price discovery. This involves buyers and sellers competing with one another and among each other to agree upon a price that, in theory, reaches an equilibrium based on supply and demand.