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A capitalist is a person who is trained to use new technologies, such as spinning jenny and water-powdered loom.

1 Answer

3 votes

Answer:

False

Step-by-step explanation:

A capitalist is a person or individual who utilizes his resources or wealth to create or invest in trade and industry for the purpose of making a profit based on the principles of capitalism; such as personal decision, prices, production, and the distribution of commodities that are specified primarily by competition in a free market.

Hence, in this case, the statement in the question is FALSE

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