what is capitalism?
Answers
Answered by
8
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.
Answered by
1
Answer:
Here is your answer.
Explanation:
The economic system in which businesses are owned and run for profit by individuals and not by the state is called as capitalism.
Similar questions