Question

Is an economic system that relies on a free market capitalism

Answer 1

Yes! (And God bless it too!)

Defenition of capitalism: Capitalism is an economic system in which private

individuals or businesses own capital goods. The production of goods and

services is based on supply and demand in the general market—known as a

market economy—rather than through central planning—known as a planned

economy or command economy!

Answer 2

The capitalist economic model relies on free market conditions for the creation of wealth. The production of goods and services is based on supply and demand in the general market.