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capitalism

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Q: What economic system is based on private ownership?
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Related questions

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

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


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


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

Capitalism


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

market economy


What is capitalism in sociology?

An economic system based on the private ownership of the means of production and distribution in which the goal is to produce profi


Capitalism is an economic system based on?

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


What economic system is based on collective ownership?

Communism


Economic system based on collective ownership?

Libertarian Socialism is the economic system based on equal collective ownership of property. It includes Social anarchism and libertarian Marxism.


Which is not a characteristic of the capitalist system?

Capitalism is based on private ownership, entrepreneurship, supply, demand, and profit. Other economic systems do not embrace all of these characteristics.


What is a capatalist?

A capitalist is someone who believes in and participates in a capitalist economic system where private individuals and businesses own and control the means of production for profit. They support an economic structure based on private ownership, free markets, and competition.


What is capitalisms main belief?

That everybody is free to take their own way in life and free to choose what they want.


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

Capitalism