34.0k views
1 vote
Explain what capitalism is?

User ElderBug
by
4.7k 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. Meaning people can have their own business and are not being controlled by the government, for example the USA is a capitalist country. I hope this helps
User RoyHSIEH
by
4.7k points