Capitalism is an economic system in which
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Correct Answer: Option B
Explanation:
Capitalism is an economic system in which private individuals are allowed to own and operate businesses and enterprises. The means of production are largely privately owned, and the state plays a limited role in directing economic activity. This is different from socialism or communism, where the state controls the economy and owns the means of production.
Capitalism is an economic system in which private individuals are allowed to own and operate businesses and enterprises. The means of production are largely privately owned, and the state plays a limited role in directing economic activity. This is different from socialism or communism, where the state controls the economy and owns the means of production.