Which sector is active under capitalist economy?
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capitalism is active under capitalist economy
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The general market is the sector under a capitalist economy where production of goods and services is dependent on supply and demand in the general market.
It is a vital part of an economic system and the means of production and distribution are owned privately or corporately.
Operations are based on profits, and not controlled by a state government. The basic characteristics are :
• Capitalism is economic in character
• private individuals control a country's trade in social and political system
• the market has no control by the government.
Explanation:
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