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OpenStudy (anonymous):
Kind off topic (nobody online in finance), but could somebody please give me a good definition of capitalism?
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OpenStudy (anonymous):
well i know its an economic system, but not really sure for what
OpenStudy (anonymous):
economic for profit system, where means of productions are owned privately.
OpenStudy (anonymous):
ok thank you
OpenStudy (anonymous):
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
OpenStudy (anonymous):
thanks!
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