Economics · Economic Systems
Capitalism primarily refers to an economic system characterized by:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Ownership of all assets and productive resources by the government
- 2Private ownership of capital goods and production resources✓
- 3Complete control of the economy by international stock markets
- 4Mandatory joint public-private partnership across all business sectors
Correct answer
Private ownership of capital goods and production resources
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