Which system emphasizes minimal government interference in economic matters?

The system that emphasizes minimal government interference in economic matters is capitalism. In a capitalist economy, private individuals or businesses own and control the means of production and distribution of goods and services. This economic model prioritizes free markets, where supply and demand dictate prices and the allocation of resources. The role of the government is typically limited to protecting property rights, enforcing contracts, and maintaining the rule of law, rather than controlling or intervening in economic activities.

In contrast, socialism advocates for government ownership or regulation of the means of production, with the aim of redistributing wealth and promoting social welfare. Communism goes further, seeking to eliminate private ownership altogether in favor of a classless society where all property is communal. Fascism, on the other hand, is characterized by authoritarian control over many aspects of life, including the economy, where the government may collaborate closely with selected industries to promote national interests. Each of these systems operates on different principles regarding the role of government in economic affairs, highlighting the distinction of capitalism's focus on minimal interference.