What is one main principal of capitalism?

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asked May 27, 2020 191k views

2 Answers

Sudee · Answer 1 · 2020-05-28T08:35:38+0000

Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Characteristics central to capitalism include private property, capital accumulation, wage labor, voluntary exchange, a price system, and competitive markets.

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Ankur Agarwal · Answer 2 · 2020-05-30T13:43:03+0000

Capitalism is an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state. An example is businesses being able to participate in free trade.

What is one main principal of capitalism?

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