Definition and meaning of free market capitalism: Free market capitalism is a system of economic activity based on private ownership of resources and production, with decisions regarding price and production determined by the forces of supply and demand in the marketplace. It is a system where government intervention is minimal and the market is largely self-regulating. This system allows for a large degree of personal and economic freedom, and it is based on the principle of individual rights and the belief that individuals should be allowed to make their own economic decisions. However, it is important to note that free market capitalism can also lead to inequality and exploitation if not properly regulated. Furthermore, it can lead to a two-party system which can lead to a lack of independent candidates and a lack of competition. To ensure a fair and equitable system, it is essential to have strong regulations in place to protect the interests of all stakeholders, including consumers, businesses, and workers.