Question

in this economic system, the means of production and distribution are privately or corporately owned, and profits are gained in a free market. capitalism socialism nationalism conservatism

Explanation:

In capitalism, private ownership of means of production and free - market profit - seeking are key characteristics. Socialism emphasizes collective or state ownership. Nationalism is about national identity and interests. Conservatism focuses on traditional values and institutions. The description given aligns with capitalism's features of private/corporate ownership and free - market profit.

Answer:

Capitalism