Explain the term capitalism?
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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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Hi.
Here is your answer------------
Capitalism ---- System of trade and commerce where business is owned by private individuals and money invested by the owners. All profit of business is enjoyed by the owners without government's interference.
The money that is invested by the people to set up factories, and produce goods is called as Capital.
The owners of the large wealth who invest money is called as Capitalists.
The economic system which gave rise to power among the capitalists is called as Capital system.
Hope it will help u.
Have a nice day.
Here is your answer------------
Capitalism ---- System of trade and commerce where business is owned by private individuals and money invested by the owners. All profit of business is enjoyed by the owners without government's interference.
The money that is invested by the people to set up factories, and produce goods is called as Capital.
The owners of the large wealth who invest money is called as Capitalists.
The economic system which gave rise to power among the capitalists is called as Capital system.
Hope it will help u.
Have a nice day.
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