Competitive markets are a sub-component of Capitalism. Allowing private individuals to own the means of production (so corporations) is another important part o

Competitive markets are a sub-component of Capitalism. Allowing private individuals to own the means of production (so corporations) is another important part of capitalism not guaranteed by competitive markets. Voluntary exchange is also not guaranteed by merely competitive markets. See https://en.wikipedia.org/wiki/Capitalism https://en.wikipedia.org/wiki/Capitalism