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What is Main Features of Capitalism Explained about?
Capitalism is an economic system where private individuals or businesses own capital goods. The main motive of businesses in capitalism is to make a profit. Businesses have private ownership of physical resources like factories, machinery, and inventory. Free enterprise means businesses have freedom to operate in a market with little government control. Consumer demand and supply/demand determine prices in a capitalist economy. The pursuit of self-interest and profits is at the root of capitalism.
- Author
- youmna tohamy
- Language
- EN