Capitalism
capitalism
Capitalism is the economic system based on private ownership and profit.
Capitalism
market economy
The economic systems is based on profit and loss since they reflect the values of the economy in place.
an economic system based on open competition in a free market, in which individuals and companies own the means of production and operate for profit
Capitalism is the economic system based on private ownership and profit.
Capitalism
market economy
The economic systems is based on profit and loss since they reflect the values of the economy in place.
an economic system based on open competition in a free market, in which individuals and companies own the means of production and operate for profit
Capitalism is based on private ownership, entrepreneurship, supply, demand, and profit. Other economic systems do not embrace all of these characteristics.
Market in Economic is based on supply and demand, and how it influence a business's investment, production and distribution decisions.
net profit\total investment = ROI
A tradition-based economic system is an economic system where economic decisions are based largely on cusom. The four economic questions are answered according to the traditions of the country. People produce and distribute goods in the ways that have been followed for hundreds of years by their ancestors.
Free Enterprise It is not Capitalism A Free Enterprise System is when you have the right to run a business to make a profit with limited interference from the government.
capitalism: an economic system based on private ownership of capital socialism: an economic system based on stateownership of capital
Economic systems are based on the reflection on the values, assumptions and goals of a particular culture.