3 years ago

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. In a capitalist market economy, decision making and investments are determined by every owner of wealth, property o production ability on financial and capital markets, whereas prices and the distribution of goods and services are mainly determined by competition in goods



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