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lara31 [8.8K]
2 years ago
8

This is characterized by competition, supply and demand, uses money to settle

History
1 answer:
viktelen [127]2 years ago
4 0

Capitalism is an economic system based on the private possession of the method of production and their operation for profit. Significant characteristics of capitalism encompass capital accumulation, competitive markets, rate device, private property, belongings rights recognition, voluntary change, and wage labor.

Capitalism is regularly thought of as an economic system wherein private actors personal and control assets in accord with their pastimes, and call for and supply freely set costs in markets in a manner which can serve the satisfactory hobbies of society. The crucial feature of capitalism is the motive to make a income.

Capitalism is often thought of as an economic gadget in which private actors personal and manipulate assets in accord with their interests, and demand and supply freely set costs in markets in a way that can serve the first-rate interests of society. In a capitalist economy, capital belongings—including factories, mines, and railroads—can be privately owned and managed, hard work is bought for money wages, capital profits accrue to private owners, and expenses allocate capital and hard work among competing makes use of (see “supply and call for” in the June 2010 F&D).even though a few shape of capitalism is the premise for nearly all economies these days, for much of the final century it become but one in all  major methods to economic organization. within the different, socialism, the kingdom owns the approach of production, and nation-owned enterprises are looking for to maximise social properly rather than income.

Learn more about The core of capitalism here:

brainly.com/question/25879591

#SPJ4

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On July 21, McDowell sent three divisions to bypass the left flank of the enemy; they succeeded in attacking and dropping several Confederate brigades, after which McDowell suspended the offensive. A few hours later he sent forward two artillery batteries and several infantry regiments, but the southerners met them on Henry Hill and repulsed all the attacks. The federal army lost 11 guns in these battles, and, hoping to recapture them, the command sent regiment after regiment into battle until all reserves were exhausted. Meanwhile, fresh brigades of the army of the South approached the battlefield and forced the retreat of the last reserve of the northerners - the Howard brigade. Howard's retreat initiated a general withdrawal of the entire federal army, which turned into an erratic escape. Southerners were able to allocate only a few regiments for the persecution, so they were not able to inflict significant damage on the enemy.

The Battle of Bull Run was the first major battle of the Civil War, after which many in the north finally saw what the war really was. The northerners had to part with the illusions that the war would last for several weeks, and the soldiers of the army of the South felt their strength.

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