Economy, asked by abhayganesh1396, 1 year ago

What is the basic force that drives a capitalist economy ?

Answers

Answered by choudhary21
3
Capitalism is an economic system in which capital goods are owned by private individuals or businesses. The production of goods and services is based on supply and demand in the general market (market economy), rather than through central planning (planned economy or command economy). The purest form of capitalism is free market or laissez-faire capitalism, in which private individuals are completely unrestrained in determining where to invest, what to produce or sell and at which prices to exchange goods and services, operating without checks or controls. Most modern countries practice a mixed capitalist system of some sort that includes government regulation of business and industry.
Answered by Anonymous
2
driving force ofa market economy, and that entrepreneurs need property rights, the rule of law, sound money, and free and open competition to be successful .

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