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Sagot :
Final answer:
Capitalism is an economic system based on private ownership, voluntary exchange, and competition among sellers.
Explanation:
Capitalism is an economic system where individuals have the freedom to own private businesses and property, engage in voluntary exchange, and make decisions based on economic freedom and self-interest.
In a capitalist system, competition among sellers helps keep prices low for consumers, and individuals can buy and sell goods without government approval, reflecting the principles of a free-market economy.
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