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it is like a capitalist economy

An absolute monarchy is a form of government (i.e. political system), and NOT an economic system. Absolute monarchies can employ a variety of economic models - it depends entire on the choice of the monarch. Your question is unanswerable, since the form of government and form of economics used by a country are orthogonal (i.e. independent of each other).

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Q: What is the economy like in an absolute monarchy?
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