discuss in detail capitalist model of development
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The capitalist model of development is characterised by provision of private ownership of property and means of production, minimum state control on economic enterprises, and a free economy regulated by competition. ... This perspective insists economic development would revolve around industrialisation.
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Answer:- capitalism is an economic system based on the private ownership in the means of production ( land,raw materials, technology, factories and offices) and where production is carried out for a profit..
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:- Surbhi.
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