History, asked by Varun89761, 8 months ago

What do you mean by captilism

Answers

Answered by ᏕɱartYᎶᴜʀɭ
0

Explanation:

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.

Answered by Anonymous
2

Answer:

Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Characteristics central to capitalism include private property, capital accumulation, wage labor, voluntary exchange, a price system and competitive markets.

The economic system in which businesses are owned and run for profit by individuals and not by the state.

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