What is the economic system called where production and distribution resources are owned by private individuals or corporations, and growth depends on the accumulation and reinvestment of profits earned within a free market?

Explanation

Option A, Capitalism, is the system characterized by private ownership of production and distribution, with economic development driven by profit accumulation and reinvestment in a free market environment. Socialism involves collective or state ownership, a free market economy refers to the market mechanism without specifying ownership, and liberalism is a political philosophy rather than an economic system.