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Explain the meaning of capitalism

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Explain the meaning of capitalism

    • Posted by Gurii Kaurg 4 years, 7 months ago

    CBSE > Class 11 > Sociology
    • 1 answers

    Yogita Ingle 4 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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