what is capitalistic economy. .....?? please dear .... no spams only correct anwer
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Capitalism is an economic system in which private individuals or businesses own capital goods. The production of goods and services is based on supply and demand in the general market—known as a market economy—rather than through central planning—known as a planned economy or command economy...
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Capitalism or capitalist economy is referred to as the economic system where the factors of production such as capital goods, labour, natural resources and entrepreneurship are controlled and regulated by private businesses. ... The main characteristic of a capitalist economy is the motive of earning profit.
example:-)
Singapore had an amazing period of economic development to get to where it is today. It became a manufacturing and financial center because of its open economic policies. Singapore is a great example of capitalism. It has low taxes and freedom for businesses to operate and trade internationally.