Social Sciences, asked by sneha592, 1 year ago

what is capitalism?​

Answers

Answered by AashishSony
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.

Explanation:

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AashishSony: ur welcome
Answered by vishu592
2

Capitalism is an economic system in which capital goods are owned by private individuals or businesses. The production of goods and services is based on supply and demand in the general market (market economy), rather than through central planning (planned economy or command economy


sneha592: thanks
vishu592: ur welcome
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