what is capitalism ?
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Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Central characteristics of capitalism include private property and the recognition of property rights, capital accumulation, wage labor, voluntary exchange, a price system and competitive markets.
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Capitalism is a economic system in which private individuals or business own capital goods. the production of goods and services is based on supply and demand in general market. Individuals also own and run most companies which complete with other companies for business.
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