history question Explain the situation concepts = Capitalism
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Cᴀᴘɪᴛᴀʟɪsᴍ ɪs ᴀɴ ᴇᴄᴏɴᴏᴍɪᴄ sʏsᴛᴇᴍ ɪɴ ᴡʜɪᴄʜ ᴘʀɪᴠᴀᴛᴇ ɪɴᴅɪᴠɪᴅᴜᴀʟs ᴏʀ ʙᴜsɪɴᴇssᴇs ᴏᴡɴ ᴄᴀᴘɪᴛᴀʟ ɢᴏᴏᴅs. Tʜᴇ ᴘʀᴏᴅᴜᴄᴛɪᴏɴ ᴏғ ɢᴏᴏᴅs ᴀɴᴅ sᴇʀᴠɪᴄᴇs ɪs ʙᴀsᴇᴅ ᴏɴ sᴜᴘᴘʟʏ ᴀɴᴅ ᴅᴇᴍᴀɴᴅ ɪɴ ᴛʜᴇ ɢᴇɴᴇʀᴀʟ ᴍᴀʀᴋᴇᴛ—ᴋɴᴏᴡɴ ᴀs ᴀ ᴍᴀʀᴋᴇᴛ ᴇᴄᴏɴᴏᴍʏ—ʀᴀᴛʜᴇʀ ᴛʜᴀɴ ᴛʜʀᴏᴜɢʜ ᴄᴇɴᴛʀᴀʟ ᴘʟᴀɴɴɪɴɢ—ᴋɴᴏᴡɴ ᴀs ᴀ ᴘʟᴀɴɴᴇᴅ ᴇᴄᴏɴᴏᴍʏ ᴏʀ ᴄᴏᴍᴍᴀɴᴅ ᴇᴄᴏɴᴏᴍʏ.
Hᴏᴘᴇ ɪᴛ ʜᴇʟᴘs......
Mᴀʀᴋ ᴍᴇ ᴀs ʙʀᴀɪɴʟɪᴇsᴛ ❤❤
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CAPITALISM IS AN ECONOMIC SYSTEM IN WHICH BUSINESS ARE OWNED AND RUN FOR PROFIT BY INDIVIDUALS. BUT NOT BY STATE.
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