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Capitalism is an economic system based on?

Updated: 8/22/2023

Wiki User

∙ 14y ago

Best Answer

Ownership of the means of production by a small minority; wages system; production for sale and profit; exploitation

paulbenn ∙

Lvl 13

∙ 3y ago

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Wiki User

∙ 13y ago

the means of production are largely in private hands, and the main incentive for economic activity is the accumulation of profits

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Wiki User

∙ 14y ago

free markets and private ownership

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Wiki User

∙ 13y ago

A Market Economy

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Continue Learning about Economics

Economic system based on investment and profit?

Capitalism

What economic system is based on private ownership?

capitalism

What is the economic system based on private ownership investment and profit?

Capitalism is the economic system based on private ownership and profit.

Economic system based on industrial production?

industrial capitalism

What economic system is based on private ownership and competition motivated by profit?

market economy

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Economic system based on investment and profit?

Capitalism

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capitalism

What is the economic system based on private ownership investment and profit?

Capitalism is the economic system based on private ownership and profit.

Economic system based on industrial production?

industrial capitalism

What are examples of social capital?

capitalism: an economic system based on private ownership of capital socialism: an economic system based on stateownership of capital

What economic system is based on private ownership and competition motivated by profit?

market economy

An economic system based on private property and free enterprise is called?

Capitalism

The economic system that is based on private ownership and competition motivated by profit is called?

Capitalism

Economic system based on free markets and private property?

No system has ever been based on truly free markets.

Capitalism is an example of what type of economic system?

Capitalism is an example of a free market economy.

What type of economic system do individuals own most of the businesses?

Capitalism

What is the economic system of the US called?

The economic system of the US is called Capitalism.

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