Cards. economies in which the production of goods and services, their consumption, and the rate of economic expansion are largely determined by the market. The term used to describe this economic structure is capitalism.
In a capitalist economy, private people or companies own the capital assets. The labor force, which does not own the means of production but merely uses them on behalf of the capital owners, is employed by business owners (capitalists).
Exactly who gains from capitalism?
Individual capitalists are often rich persons who have a significant amount of capital (cash or other financial assets) invested in their businesses. They gain from capitalism by increasing their wealth through increased profits.
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