Capitalism also referred to as the free market economy is an
economic system which is established and run by the market forces
rather than the government or state Power.
It is usually considered to be good for a society for various
reasons.
A capitalist economy is run by the supply and demand forces
Within the economy.
This encourages competition within the economy where consumer's
can select their best products at best prices.
Firms also benefit as they become more innovative and
productive due to greater competitive forces.
Freedom from political power makes the economy more efficient
and innovative.
This makes an economy more dynamic and encourages more economic
growth which can bring profits to the firm's while at the same time
enhance the surplus of consumers when tax burden is removed.