state the principal features of a capitalist economy
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Its main characteristic is that it most means of production and property are privately owned by individuals and companies. The government has a limited role in such an economy limited to management and control measures. So a capitalist economy is a liberal economy.
Answered by
1
Answer:
Its main characteristicis that it most means of production and property are privately owned by individuals and companies. The government has a limited role in such an economylimited to management and control measures. So a capitalist economy is a liberal economy.
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