3 years ago

What is capitalism? Can someone please explain it in a simple way for me? :)

1 answer:

swat323 years ago

6 0

Answer:

The answer to your question is Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Characteristics central to capitalism include private property, capital accumulation, wage labor, voluntary exchange, a price system and competitive markets.

Hope it helps!

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