4.1. Capitalism (market economy); Economic activities are carried out through markets. Economic activities are decided producers and consumers without an interfer nce from the government. Capitalism is very popular in western and industrial countries. Important things about capitalism are as follows 1) The people can own properties. 2) People are to choose the occupations. The market decides economic activities to satisfy wants of the majority. 4) Free competition. Everyone is free to produce goods and services.