Register
Define Capitalism. Under capitalism, what sets prices and wages? I
33.5k views
5 votes
Define Capitalism. Under capitalism, what sets prices and wages?
I

User Fhollste
by
7.2k points

1 Answer

4 votes
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. The economy sets prices and wages.
User Pilladooo
by
6.6k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.2m questions

9.6m answers

Other Questions

What goal of the constitution was also a goal of the Magna Carta?
Modern Western ideas about freedom, the value of the individual, forms of government, and systems of law came from __________.
Why did foreign powers treat the US government under the Articles of Confederation with scorn?
What was the major events that led the British to defeat
Why did the Berlin Conference occur?
Link Copied!