explain the following consepts of capitalism
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Capitalism is an economic system based on 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.
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capitalism refers to the mind set / idea of doing anything for getting profit ( making money) ,the main motive of the concept is purely to make money not the well being of people.
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