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Why is capitalism important and what does it mean


User Sean Kwon
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2 Answers

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14 votes

Answer:

Capitalism is very import because its 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.

Step-by-step explanation:

User Fabio Napodano
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10 votes
10 votes

Answer:

Capitalism is often thought of as an economic system in which private actors own and control property in accord with their interests, and demand and supply freely set prices in markets in a way that can serve the best interests of society. The essential feature of capitalism is the motive to make a profit.

User Michael Dorgan
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