Capitalism is a system of economic organization based on
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Correct Answer: Option B
Explanation:
Capitalism is a system of economic organization based on individual ownership of means of production.
It is an economic and political ideology which allows individual ownership and control of the means of production and to produce what they like. The guiding principle is profit maximization.
Capitalism is a system of economic organization based on individual ownership of means of production.
It is an economic and political ideology which allows individual ownership and control of the means of production and to produce what they like. The guiding principle is profit maximization.