I learned a fun new word for it. It’s also called “capitalism”.
It's "free market", which is different from capitalism. Capitalism needs a free market to function fairly (and it's just a prerequisite, not a guarantee), but a free market doesn't need capitalism.
I learned a fun new word for it. It’s also called “capitalism”.
It's "free market", which is different from capitalism. Capitalism needs a free market to function fairly (and it's just a prerequisite, not a guarantee), but a free market doesn't need capitalism.
Thank you for the clarification!