What is another word for capitalistic systems?
Pronunciation: [kˌapɪtəlˈɪstɪk sˈɪstəmz] (IPA) 
Capitalistic systems refer to an economic system in which businesses and individuals own and operate the means of production and distribution of goods and services. There are several synonyms that can be used to describe capitalistic systems, including free-market economy, laissez-faire system, and market capitalism. Capitalistic systems are known for promoting competition and innovation, leading to increased efficiency and higher standards of living. However, critics argue that these systems can also lead to income inequality, corruption, and exploitation. Despite the criticisms, these systems continue to be widely used around the world and are often associated with economic prosperity and growth.
