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What is Distinctive Features of Capitalism about?

Capitalism is defined by several key features: 1) Private ownership of means of production by individuals and institutions seeking profit. 2) A labor market where workers depend on selling their capacity for work for wages. 3) Markets for capital, land, goods, and services that allocate resources through exchange. 4) A role for the state in regulating property rights and markets.

Author

xealous

Language

EN