write a brief note on capitalism
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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 private property and the recognition of property rights, capital accumulation, wage labor, voluntary exchange, a price system and competitive markets.
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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 private property and the recognition of property rights, capital accumulation,wage
labor, voluntary exchange, a price system and competitive markets. In a capitalist market economy, decision-making and
Investments are determined by every owner of wealth, property or production ability in financial and capital markets whereas
Prices and the distribution of goods and services are mainly determined by competition in goods and services markets.
HOPE THIS ANSWER HELPS
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 private property and the recognition of property rights, capital accumulation,wage
labor, voluntary exchange, a price system and competitive markets. In a capitalist market economy, decision-making and
Investments are determined by every owner of wealth, property or production ability in financial and capital markets whereas
Prices and the distribution of goods and services are mainly determined by competition in goods and services markets.
HOPE THIS ANSWER HELPS
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