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What do you mean by Capitalism? - Economics

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What do you mean by Capitalism?

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उत्तर

Capitalism is total freedom and private ownership of means of production. Capitalistic economy is also termed as a free economy (Laissez-faire, in Latin) or market economy where the role of the government is minimum and the market determines the economic activities.

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पाठ 1: Introduction to Macro Economics - Model Questions [पृष्ठ १७]

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सामाचीर कलवी Economics [English] Class 12 TN Board
पाठ 1 Introduction to Macro Economics
Model Questions | Q 25. | पृष्ठ १७
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