Madonna471 Madonna471
  • 28-10-2014
  • Business
Answered

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

Answer :

Gibbs
Gibbs Gibbs
  • 28-10-2014
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. 
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