Explanation:
Society without social classes is a characteristic of Capitalism. Capitalism constructs "social class", the two social class in capitalism is the workers and owners. The workers (proletariat) sell their labour power in exchange for wages, whereas the "bourgeoisie"- capitalists who own the business take the considerably generous amount profited from the production. It is imperative for a capitalist country to maintain a society with social class, because capitalism is an economic system, a system used to generate profit. Capitalism prioritizes individual rights meaning all person under capitalist system have personal responsibility or choice to earn a living, it is the notion of "If I work hard, I can do anything", from a scruffy minimum wage earning person to the richest man/woman in the world.
Capitalism is an economic system based on the private ownership of the means of production and their operation for profit.
Freedom of competition is a major characteristic of capitalism, freedom of competition encourages innovation and provides opportunities which increases the economy, wages, employment rates etc.
In my opinion supply and demand is a cognitive dissonance of capitalism, supply and demand is an obvious factor of capitalism because you need demands to produce supplies and make profit. However capitalism markets competition between business which eventually ends with four or more companies making the same product, one will prevail due to innovation provided by the freedom of competition and society without social class.
in conclusion, supply and demand isn't a characteristic of capitalism in this context but it is a factor of capitalism.
