History, asked by zaryfamery247, 1 year ago

Explain the term 'capitalism' writes its demerits.

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Answered by kakkerisunil
0

Capitalist Economy. Capitalism is the most prominent in our current global economic system. Its main characteristic is that it most means of production and property are privately owned by individuals and companies. ... There is no direct government intervention other than to control monopolistic practices in the economy.

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