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The definition of capitalism is an economic system in which the means of production and distribution are privately or corporately owned and the operations are funded by profits. An example of capitalism is the prison system in the United States being operated by private companies.

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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


What does the economic system in which the means of production and distribution are privately owned and operated for profit under competitive conditions?

Capitalism


What is the economic system in which the means of production and distribution are privately owned and and operated for profit under competitive conditions?

Capitalism


What is the economic system in which the means of production and distribution are privately owned operated for profit under competitive conditions?

The definition of capitalism is an economic system in which the means of production and distribution are privately or corporately owned and the operations are funded by profits. An example of capitalism is the prison system in the United States being operated by private companies.


What is the economic system in which means of production and distribution are privately owned and operated for profit under competitive conditions?

The definition of capitalism is an economic system in which the means of production and distribution are privately or corporately owned and the operations are funded by profits. An example of capitalism is the prison system in the United States being operated by private companies.


What are some Example of capitalism?

The economic system where operations are funded by profit and where production and distribution are corporately or privately owned is capitalism. Examples of countries that use capitalism include the United States, United Kingdom, Canada, Japan, Denmark, and Australia.


Where do most cheerleaders spend their time at?

Cheerleaders practice either in school gyms, or competitive privately owned gyms


Explain why china has many successful competitive privately owened businasses?

China's success in fostering competitive privately owned businesses can be attributed to a combination of factors, including rapid economic reforms that began in the late 20th century, which encouraged entrepreneurship and reduced state control. The vast domestic market provides ample opportunities for growth, while access to a large pool of affordable labor and resources enhances production capabilities. Additionally, the Chinese government has increasingly supported private enterprises through favorable policies, infrastructure development, and access to financing, allowing them to thrive in a competitive landscape.


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.


Is the Wilbur-Ellis Company public or privately held?

Wilbur-Ellis Company is a privately held company. It specializes in the distribution of agricultural products and services, as well as animal feed and specialty ingredients. Being privately held means it is not listed on any public stock exchange and is owned by private shareholders.


What is capitalsim?

Capitalism- An economic system in which the means of production and distribution are privately or corporately owned and development is proportionate to the accumulation and reinvestment of profits gained in a free market.


What is a market economy in which the productive resources are privately owned?

A market economy in which productive resources are privately owned is known as a capitalist economy. In this system, individuals and businesses make decisions regarding the production, distribution, and consumption of goods and services based on supply and demand. Prices are determined through market interactions, allowing for competition and innovation. The role of the government is typically limited, primarily focusing on enforcing contracts and protecting property rights.