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An economic system based on the private ownership of property in which profit is pursued through the investment of capital and the employment of labor is called ___ .
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An economic system based on the private ownership of property in which profit is pursued through the investment of capital and the employment of labor is called ___ .

User Abdulrahman Mushref
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Answer: It would be Capitalism

Explanation:Capitalism is an economic system based on the private ownership of the means of production and its profit-oriented operation. Central characteristics of capitalism include capital accumulation, competitive markets, pricing systems, private property, property rights approval, voluntary exchange, and wage labor.

User Affaz
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