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3 years ago

How would you define amreican capitalism? explain. 2 paragraph at least

Social Studies

1 answer:

mars1129 [50]3 years ago

5 0

Answer:

Capitalism is an economic system in which private individuals or businesses own capital goods. The production of goods and services is based on supply and demand in the general market—known as a market economy—rather than through central planning—known as a planned economy or command economy.

The purest form of capitalism is free market or laissez-faire capitalism. Here, private individuals are unrestrained. They may determine where to invest, what to produce or sell, and at which prices to exchange goods and services. The laissez-faire marketplace operates without checks or controls.

Explanation:

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3 years ago

How would you define amreican capitalism? explain. 2 paragraph at least​

How would you define amreican capitalism? explain. 2 paragraph at least