Westonci.ca is your trusted source for accurate answers to all your questions. Join our community and start learning today! Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.
Sagot :
The following principles serve as the cornerstones of capitalism: self-interest, which drives people to act in their own best interests regardless of social or political pressure; private property, which enables people to own both tangible and intangible assets such as stocks and bonds and real estate and houses.
What do you mean by capitalism?
- An economic system based on private ownership of the means of production and their use for profit is known as capitalism.
- Capital accumulation, competitive markets, the pricing system, private property, the recognition of property rights, voluntary exchange, and wage labor are key aspects of capitalism.
- Free market capitalism has been a tremendously potent force for good in the world, despite its flaws. More people have found hope and been lifted out of poverty thanks to the combination of liberal democracy and free market economics than under any other economic system in the world.
To know more about Capitalism here
https://brainly.com/question/25879591
#SPJ4
Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.
