The economy is largely free from government control, people can own property individually and private businesses and they are able to earn a profit, while the government is (usually, but not always) democratically elected by the people and freedom of speech is valued. It is based on the belief that people should be able to earn more than others if they work harder than them. It is based on the belief that inequality is good, as it motivates people to work harder and, overall, benefits everyone in society. Competition between people and companies motivates new inventions, and ideas and creates employment and jobs which benefit everyone.