Question

Good example of capitalist economy is _____________ . Fill in the blank.

Answer 1

hey frd your answer

· Definition and features of a capitalist (free-market) economic system. An evaluation of the pros and cons with examples

Answer 2

United States of America.

Capitalism is a type of economic system under which the ways of producing services or goods are owned privately and all businesses operate for making a profit.

In a capitalism, citizens are free to operate a business as per their wish and they can also manage their own revenue.

Capitalism works for every person who does a business within the system.

Hence, employees as well as business owners have an equal stake in a capitalist economic model.

For business owners, it provides maximum flexibility and a good amount of freedom to flourish.