Question

Explain the following concepts

capitalism​

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

Explanation:

capitalism

an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.

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