Question

what is capitalism in economics ??

Answer 1

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 commandeconomy).

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Answer 2

Hey mate


here is your answer :-


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capitalism :- The economic system based on free enterprise and private profit . capitalism is an economic system in which all means of production are owned by private individuals . self profit motive the guide future of all economic activities under capitalism .

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✴BE BRAINLY✴
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