What do you know about capitalismg
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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 is called capitalism.
Capitalism leads inevitably to new imperialism.
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Capitalism leads inevitably to new imperialism.
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Answer:
capitalism is an economic system in which the means of production and distribution are privately or corporately owned and the operations are funded by profits. An example of capitalism is the prison system in the United States being operated by private companies.
Explanation:
A profit maximising capitalist firm is likely to ignore negative externalities, such as pollution from production; this can harm living standards. Similarly, a free-market economy will under-provide goods with positive externalities, such as health, public transport and education.
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