6 points
Select all the characteristics of Capitalism.
people can also buy services for private use, such as healthcare; provide their own education,
health and welfare services
people can own their own businesses and property
free-market country
people can buy and sell anything without government approval.
Da

Question

01-06-2024
History

Answered

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6 points
Select all the characteristics of Capitalism.
people can also buy services for private use, such as healthcare; provide their own education,
health and welfare services
people can own their own businesses and property
free-market country
people can buy and sell anything without government approval.
Da

Sagot :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-06-01T15:09:22-04:00

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.

Learn more about Capitalism here:

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Sagot :

Final answer:

Explanation:

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