👉 Capitalism is a political, economic and social system in which ownership of resources, particularly property, is concentrated in the hands of a few individuals or corporations. This system promotes a high degree of individual freedom, market competition, and the free flow of goods and services across borders. In this context, capitaldom refers to the concept that the accumulation of wealth through private enterprise leads to greater economic growth and prosperity for all citizens, as it allows for innovation, entrepreneurship, and social mobility within society.
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