Question

(2) write short notes:-Capitalism.
Ans:​

Answer 1

Explanation:

Capitalism is an economic system in which private individuals or businesses own capital goods. The production of goods and services is based on supply and demand in the general market—known as a market economy—rather than through central planning—known as a planned economy or command economy.

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Answer 2

Answer:

It is the economic system in which businesses are owned and run for profit by individuals and not by the state

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