concept   capitalism
culture   Western countries
statement   Capitalism is the dominant economic system in Western countries, based on private ownership and free market competition.

3 similar statements
# Concept Culture Statement Freq.
1 capitalism Western countries Capitalism is considered the dominant economic system and is often associated with free markets, individual economic freedom, and private ownership of the means of production. 1
2 capitalism Western countries Capitalism is the predominant economic system, emphasizing private ownership and free market competition. 1
3 capitalism Western countries Economic system based on private ownership and free market 1