In economic and political discussions, capitalism signifies an economic system characterized by private ownership of production and market-based competition. This system promotes individual entrepreneurship, consumer choice, and the accumulation of wealth through minimal government intervention. While capitalism can drive innovation and economic growth, it may also lead to significant disparities in wealth and power. Political discussions often revolve around the balance between free-market principles and regulatory measures aimed at addressing issues like income inequality and ensuring the equitable distribution of resources, which are central to ongoing debates about economic policy.