Question

3. What is Capitalism? ​

Answer 1

Answer:

Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Characteristics central to capitalism include private property, capital accumulation, wage labor, voluntary exchange, a price system and competitive markets.Capitalism is an economic system. In it the government plays a secondary role. People and companies make most of the decisions, and own most of the property. ... The means of production are largely or entirely privately owned (by individuals or companies) and operated for profit.

Answer 2

Answer:

Capitalism is an economic system. In it the government plays a secondary role. People and companies make most of the decisions, and own most of the property. ... The means of production are largely or entirely privately owned (by individuals or companies) and operated for profit.

Explanation:

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