Capitalism is an economic system in which privately owned businesses and individuals attempt to make a profit in a free market.

True
False

Question

Capitalism is an economic system in which privately owned businesses and individuals attempt to make a profit in a free market.

True 
False

Gibbs · Answer

Capitalism is indeed an economic system in which privately owned businesses and individuals attempt to make a profit in the free market. The aspects of private ownership of businesses and working for profit are essential factors of capitalism as a theory and also as it is practiced.

Answered by Gibbs | 2024-06-10

Gibbs · Answer

Capitalism is an economic system where privately owned businesses seek profit in a free market. It features private ownership, competition, and minimal government intervention. This system gained prominence during the Industrial Revolution and continues to thrive globally. 
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Capitalism is an economic system in which privately owned businesses and individuals attempt to make a profit in a free market. True False

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Capitalism is an economic system in which privately owned businesses and individuals attempt to make a profit in a free market.

True
False