Did capitalism replaced the feudal system of economy . True /false
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A capitalist system and a free market system are both economic environments that are based on the law of supply and demand.
They both are involved in determining the price and production of goods and services. On one hand, capitalism is focused on the creation of wealth and ownership of capital and factors of production, whereas a free market system is focused on the exchange of wealth, or goods and services.
Explanation:
false
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