Question

what is capitalist society ? Explain them in atleast 4 or 5 points . ​

Answer 1

Answer:

Definition

The notion of the free market is essential to an understanding of capitalism. The free market is a system of sales and consumption where prices are set by buyers and sellers according to supply and demand. Supply and demand is a basic economic law that states the more popular an item is, the more people are willing to pay. The idea behind capitalism is that the free market of products and ideas is owned and driven by private citizens. A capitalist society is a social order in which private property rights and the free market serve as the basis of trade, distribution of goods, and development.

Role of the State

The role of the state in capitalism is a source of great debate. The definition we discussed above seems to imply that the only true capitalism is a system in which the only control of commerce lies in the freedom to buy and sell. While that may be correct in a definition sense, it's not how capitalism always functions. The government has a variety of roles that it can play in the market process, from fixing prices on certain items to ensuring that certain investments are illegal. We'll now discuss three models of capitalism and give some examples. These models range from the least government control to the most.

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