Explain in a paragraph the connection between capital, capitalism, and free enterprise.
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Capital is money or other items, such as machines or buildings, used to create wealth. Capitalism is an economic system in which people and companies own the means of production. Capitalism is free enterprise which is individuals can own businesses and it determines how to use capital for their business
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Answer:Capital is money or other resources used to create wealth. Capitalism is an economic system based on private property and free enterprise. Free Enterprise is a type of economy in which people and businesses are free to buy, sell, and produce whatever they want with a minimum of government interference. A corporation is a type of business that can have many owners.
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