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Capitalism is an economic system based on private ownership of the means of production and their operation for profit. Characteristics central to capitalism include private property, capital accumulation, wage labor, voluntary exchange, a price system and competitive markets. In a capitalist market economy, decision-making and investment is determined by every owner of wealth, property or production ability in financial and capital markets, whereas prices and the distribution of goods are mainly determined by competition in goods and services markets.
FreedomCircle.com provides resources to help you understand what has been called the "philosophy of liberty."
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The Freedom Circle directory is an extensive reference on topics of freedom and liberty, human life and rational thought, and the economic, legal, political and other aspects conducive to freedom.
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