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Capitalism is an economic system whereby monetary goods are owned by individuals or companies. The purest form of capitalism is free market or laissez-faire capitalism. Here, private individuals are unrestrained in determining where to invest, what to produce, and at which prices to exchange goods and services.
Anarchy is the rejection of governmental authority and societal hierarchy. It also has become a synonym for chaos and disorder.
What Role Does the Government Play in Capitalism?
Examining the role of government in a capitalist economic system and ideas about the proper amount of state intervention.