Question

what is capitalist economy

Answer 1

$\color{red}\huge\bold\star\underline\mathcal{Hey\:Mate}\star$

Here is your answer... ☺️☺️☺️

➡➡➡➡➡➡➡➡➡➡➡➡➡➡➡➡➡➡➡

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 command economy).

✔✔✔✔✔✔✔✔✔✔✔✔✔✔✔✔✔✔✔

I hope this answer is helpful to u...❤❤❤

Keep Asking... ✌️✌️✌️

✨✨✨If help u. Mark my answer as brainliest✨✨✨

$\huge{\red{\ddot{\smile}}}$

$<font color="red"><marquee>❤️❤️❤️Thank You❤️❤️❤️</marquee></font>$

Answer 2

Capitalist economy-A capitalist economy is defined as the one in which means of production are owned by individuals and the individuals are free to take their economic decision as guided by the principal of profit maximisation