Question

What is called capitalism?

Answer 1

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.

Answer 2

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capitalism is the ideology in which the private industrialists are sovereign and have more domination in the nation

ex :USA is a capitalist nation

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