What two principles form the basis for capitalism?

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asked Feb 14, 2016 126k views

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Mehdi Faraji · Answer 1 · 2016-02-20T02:12:20+0000

The two principles which form the basis for capitalism is that "the means of production are privately owned and operated to maximize profit, with a price system providing price signals for the allocation of the factors of production."

What two principles form the basis for capitalism?

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