Who were the capitalists?
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Answer:
Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Central characteristics of capitalism include capital accumulation, competitive markets, a price system, private property and the recognition of property rights, voluntary exchange and wage labor
CAPITALISTS
▶People who own capital are sometimes called capitalists (people who support capitalism are called capitalists, too).
▶In a capitalist system, the driving force behind economic activity is to make a profit. Capitalists see amassing profits as a way to provide a powerful incentive to work harder, innovate more and produce things more efficiently than if the government had sole control over citizens' net worth. Here, private individuals are unrestrained.
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