Original sentence: a set of economic practices involving the right of individuals and groups of individuals acting as "artificial legal persons" (corporations) to own and trade private property, especially capital goods such as land and labor, for profit, and relying on the protection by the state of private property rights and the adjudication by the state or contractually specified third parties of explicit and implicit contractual obligations rather than on feudal protection and obligations
Edited sentence: a set of economic practices involving the right of individuals and groups of individuals acting as "artificial legal persons" (corporations) to own and trade private property, especially capital goods such as land and labor, in a free market, for profit, and relying on the protection by the state of private property rights and the adjudication by the state or contractually specified third parties of explicit and implicit contractual obligations rather than on feudal protection and obligations