Question

Kind off topic (nobody online in finance), but could somebody please give me a good definition of capitalism?

Answer 1

well i know its an economic system, but not really sure for what

Answer 2

economic for profit system, where means of productions are owned privately.

Answer 3

ok thank you

Answer 4

Economic system where the factors of production are privately owned. Market Forces (Demand and Supply) also determine prices and there is minimal or no govt intervention

Answer 5

thanks!