Capitalism is an economic system where things are owned by people or an individual, not by a government or communities. People have to barter or work for money so they can buy things they need or want, such as food. Capitalism mostly has a free market economy, which means people buy and sell things by their own judgment. In most countries in the world today the economy also has a degree of planning, done by the government or by trade unions. They are actually called "mixed economies" instead of completely free markets. Some people disagree on whether capitalism is a good idea, or how much of capitalism is a good idea.
In capitalism, people may sell or lend their property, and other people may buy or borrow it. If one person wants to buy, and another person wants to sell to them, they do not need to get permission from higher power. People can have a market without anyone else telling them to. People who own capital are sometimes called capitalists. They can hire anyone who wants to work in their factories, shops or lands for them for the pay they offer.
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