What Is Meant By The Capitalist System?
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Capitalism is an economic system based on the private ownership of the means of production and their operation for profit capitalism include private property, capital accumulation, wage labor, voluntary exchange, a price system, and competitive markets
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Capitalist Economy is the economic system where production and property are privately owned by individuals and companies. The free market determine the supply, demand, and prices of the products. There is no direct government intervention.
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