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What is Capitamlism?
Date Submitted: 08/20/2004 02:18:49
Length: 1 pages (348 words)
Views: 69380
Capitalism is an economic system based on private ownership of the means of production. Which personal profit can be gain through investment of capital and employment of labor. Capitalism is grounded in the concept of free enterprise, which argues that government involvement in the economy should be restricted and that a free market, based on supply and demand, will eventually maximize consumer welfare. Capitalism has existed in a limited form in the economies of all …
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