It also applies to intellectual property such as patents, copyrights, and trademarks. Even in pure capitalism, public ownership of certain natural monopolies may be essential to realize efficiency in the use of resources. Governments or other producers impose no obstacles or restrictions. ID s and firms are free to enter or leave a particular industry. Freedom of Choice - Owners of property and money can employ or dispose of them as they see fit.
Laborers are free to work where they want, if qualified.
Consumer is King and ultimately decides what the capitalistic economy should produce, and the resource providers must make their free choices within these constraints. When many buyers and sellers are in a particular market, no one buyer or seller will be able noticeably influence its price. The idea of pure competition is that there are so many independently acting sellers that each, because each is contributing an almost negligible fraction of the total supply, has virtually no influence over the supply or, therefor, the price - No Rigged Markets. The same reasoning applies to the demand side of the market. Buyers are plentiful and act independently.