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Is it true or false Capitalism is an economic system in which privately owned businesses and individuals attempt to make a profit in a free market.?
Wiki User
∙ 9y ago
True.
Wiki User
∙ 9y ago
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What type of economic system do individuals own most of the businesses?
Capitalism
What is an economic system which allows individuals to own and operate private businesses?
Capitalism
Economic system in which private businesses run most industries?
Capitalism is an economic system in which individuals and private businesses run most industries
What is an economic system in which individuals own and operate the majority of businesses that provide good and services?
capitalism
What is an economic system in which most of the economy's resources are privately owned and managed?
capitalism.
What type of economic system do individuals own most of the businesses?
Capitalism
What is an economic system which allows individuals to own and operate private businesses?
Capitalism
Economic system in which private businesses run most industries?
Capitalism is an economic system in which individuals and private businesses run most industries
What is an economic system in which individuals own and operate the majority of businesses that provide good and services?
capitalism
What is an economic system in which most of the economy's resources are privately owned and managed?
capitalism.
What is capitalism like?
Capitalism is an economic idea where the people work for the people, not the government. Individuals own businesses, land, and goods. Capitalism has flourished because individuals are working for their own good - they have money to strive for. The opposite of capitalism is communism. An example of a country who uses capitalism is the USA.
What characteristics must society have in order for capitalism to be possible?
Capitalism is an economic system in which the means of production are privately owned; supply, demand and price are mostly set by market forces rather than economic planning; and profit is distributed to owners who invest in businesses.
What characteristics must a society have in order for capitalism to be possible?
Capitalism is an economic system in which the means of production are privately owned; supply, demand and price are mostly set by market forces rather than economic planning; and profit is distributed to owners who invest in businesses.
What is the economic system in which most economic activity occurs in the private sector where business is conducted by individuals or organizations in order to make a profit?
capitalism
Which economic system are businesses privately owned with the possibility of profit?
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What does industrial capitalism mean?
Industrial capitalism refers to an economic and social system in which trade, industry and capital are privately controlled and operated for a profit. In a capitalist system,income, production, distribution, investments pricing and supply of goods and commodities and services are determined by private decisions usually within the context of markets. In a capitalistic state, property is privately owned and this is protected by the rule of law of government. Thus in the rise of industrial capitalism, we are looking at starting of when individuals in a society started acquiring property privately.
What Economic system in which the means of production and distribution are privately owned and operated for profit under competitive conditions?
the answer is : Capitalism
