What iS the Definition of the word Capitalism?Explantion?

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What iS the Definition of the word Capitalism?Explantion?

2007-03-18 08:58:32 · 3 answers · asked by WoahLileh... 2 in Social Science ➔ Economics

3 answers

It's an economic system that allows anyone to own capital and the means of production. It's a system which also allows private savings and investments to fund these endeavours. And it is a system which primarily allows free markets to allocate and ration goods and services produced.

Peace

2007-03-18 09:27:25 · answer #1 · answered by zingis 6 · 0⤊ 0⤋

Captilism is when people can make their own businesses and make the amount of money that they sell.

Socialism is when regardless of how much you sell everybody makes the same amount of money.

2007-03-18 16:07:43 · answer #2 · answered by s√(s-a)(s-b)(s-c) 3 · 0⤊ 0⤋

Do your own homework!

2007-03-18 18:19:14 · answer #3 · answered by Do not trust low score answerers 7 · 0⤊ 0⤋