Who controls economic activity in a capitalist system?
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Capitalism is an economic system which capital goods are owned by private individuals or businesses
Capitalism is an economic system which capital goods are owned by private individuals or businesses
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A capitalist economy relies on free-markets to determine, price, incomes, wealth and distribution of goods. A socialist economic system is characterised by greater government intervention to re-allocate resources in a more egalitarian way. There are also different aims of the economic systems.
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