Explain the meaning of capitalism
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Yogita Ingle 5 years, 7 months ago
Capitalism is an economic system in which the means of production of goods or services are privately owned and operated for a profit. In capitalism, individuals are given the freedom to operate their business as they want and manage their own income. Capitalism applies to every person who operates within this system; therefore, business owners and employees are equally represented within the capitalism model.
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