Capitalism is An economic system in which all resources are privately owned and markets determine how they are distributed.
Capitalism is characterized by private ownership of the means of production, such as factories and businesses, and the allocation of resources is primarily determined by market forces of supply and demand. In a capitalist system, individuals and businesses make economic decisions based on their own interests, and the government's role is generally limited to enforcing property rights and ensuring a level playing field for competition. While capitalism is often associated with democracies, it is not exclusive to them, as there are capitalist systems in various political contexts.
In summary, capitalism is an economic system where private ownership and market forces play a central role in determining how resources are allocated and distributed. Individual decision-making and limited government intervention are key features of this system.