Question

What is capitalism?​

Answer 1

Answer:

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 capital accumulation, competitive markets, a price system, private property and the recognition of property rights, voluntary exchange and wage labor.

Explanation:

ᴍᴀʀᴋ ᴀs ʙʀᴀɪɴʟɪsᴛ ᴀɴsᴡᴇʀ

ʜɪᴛ ᴛʜᴇ ʟɪᴋᴇ ᴀɴᴅ ғᴏʟʟᴏᴡ ʙᴜᴛᴛᴏɴ ɢᴇɴᴛʟʏ

Answer 2

Question

• What is capitalism?

Answer

• 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 capital accumulation, competitive markets, a price system, private property and the recognition of property rights, voluntary exchange and wage labor