What Is Meant By The Capitalist System?

1.	What Is Meant By The Capitalist System?
Answer» The capitalist system is one characterized by the private ownership of the means of production, individual decision making, and the USE of the market mechanism to CARRY out the decision of individual participants and FACILITATE the FLOW of goods and services in markets. The capitalist system is one characterized by the private ownership of the means of production, individual decision making, and the use of the market mechanism to carry out the decision of individual participants and facilitate the flow of goods and services in markets.

Answer»

The capitalist system is one characterized by the private ownership of the means of production, individual decision making, and the USE of the market mechanism to CARRY out the decision of individual participants and FACILITATE the FLOW of goods and services in markets.

The capitalist system is one characterized by the private ownership of the means of production, individual decision making, and the use of the market mechanism to carry out the decision of individual participants and facilitate the flow of goods and services in markets.

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