Built of free enterprise driven by self interest and accumulation of personal wealth. This economic system prevails throughout most of the world However, this system perpetuates inequalities between class, race, gender, etc.
What to produce
- What will sell for the best price
- Based off consumer demand
How to produce
- As efficiently as possible. Through automation, to keep production costs low
For whom to produce
- Market demand. For consumers
Specialties
- You can own private property
- Enterprises have free choice
- Wealthy have power
- Avoids Absolute Power Corruption