Not the “whole”. That part is the “Free Market Economy”, which is one part of what defines Capitalism. The other part is private ownership of the means of production.
You can have a free market economy also without private ownership of the means of production. I.e. worker or state owned companies can compete in a free market.
Not the “whole”. That part is the “Free Market Economy”, which is one part of what defines Capitalism. The other part is private ownership of the means of production.
You can have a free market economy also without private ownership of the means of production. I.e. worker or state owned companies can compete in a free market.