B. SHORT ANSWER TYPE QUESTIONS: 3. who are the capitalist?
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Required Answer:
>Someone who hopes to profit by investing money or financing business ventures is a capitalist. A nation's economy is described as capitalist if it's based on private ownership and profit.
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Answer:
Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Central characteristics of capitalism include capital accumulation, competitive markets, a price system, private property and the recognition of property rights, voluntary exchange and wage labor.
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