Economy, asked by sagarshaswat2132005, 4 months ago

what is capitalist economy? (no google answers Pls)

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Answers

Answered by balendradubey5bd

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.

Answered by minyoongi28

Capitalism is an economic system in which the means of production and distribution are privately or corporately owned.

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