Practicing Success
What is capitalism? |
Political System Economic System Social System All of the above |
Economic System |
Capitalism is primarily an economic system rather than a political or social system. It is characterized by private ownership of the means of production (such as factories and businesses), profit-driven economic activity, and the market allocation of goods and services. In a capitalist system, decisions about investment, production, and distribution are driven by individual or corporate profit motives rather than centralized government planning. |