what is capitalist economy
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it is a type of economy in which the goods or products are owned by the one man private individuals
the production of goods is based on the supply and demand in market
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the production of goods is based on the supply and demand in market
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Capitalist Economy is the economic system where production and property are privately owned by individuals and companies. The free market determine the supply, demand, and prices of the products. There is no direct government intervention.
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