Hierarchy classification:

1. top of the aat hierarchies
2. Associated Concepts Facet
3. Associated Concepts (hierarchy name)
4. social science concepts
5. economic concepts
6. economic ideologies

Anotations

Scope note:

Economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision rather than state control, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market.