Sociology, asked by solisinha0279, 6 months ago

what is capitalism?​

Answers

Answered by harshita2520
3

Answer:

.

Explanation:

➡️ 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.

Hope it helps

Answered by prashika642018
2

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 is called capitalism.

MARK BRAINLIEST ヾ(^-^)ノ

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