The factor that makes capitalism a successful economic system-Business owners have the right to take private property from citizens if it benefits the overall economy.
Step-by-step explanation:
A capitalistic economy is characterized by the private ownership of the means of production or we can say that Capitalism is an economic system in which private companies own four factors of production namely -<u> land, capital, land/natural resources, and entrepreneurship.</u>
As per the Heritage foundation some of the Top most capitalistic companies are :
- Hong Kong
- Singapore
- New Zealand
- Switzerland
- Australia
- Ireland
- Estonia
- United Kingdom
- Canada
- United Arab Emirates
<u>A capitalistic economy tends to reward a innovative company or an individual and this factor attributes to the growth of a capitalistic economy.</u>
