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Stock Photo: Capitalism Is An Economic System Based On The Private Ownership Of The Means Of Production And Their Operation For Profit

ID 300860423 © Innuasha84 | Megapixl.com

Capitalism is an economic system based on the private ownership of the means of production and their operation for profit.

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Capitalism is an economic system based on the private ownership of the means of production and their operation for profit

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KEYWORDS

profit ownership markets capital competition accumulation property exchange labor wealth investment supply demand innovation entrepreneurship freemarket consumption individualism resources trade marketdriven capitalist economic production growth prices entrepreneur enterprise efficiency opportunity incentives market forces privatization distribution consumerism selfinterest risktaking freedom rights motive globalization inequality economy industrialization development division laissezfaire tradeoff

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