Political Science, asked by ppalakjain412, 3 months ago

what is capitalistic

Answers

Answered by trishnajinaborah
2

Answer:

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Explanation:

Capitalism is often thought of as an economic system in which private actors own and control property in accord with their interests, and demand and supply freely set prices in markets in a way that can serve the best interests of society.

Answered by William100
2

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.

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