What does 'Capitalism' primarily refer to?

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Economics · Economic Systems

What does 'Capitalism' primarily refer to?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Private ownership of capital goods and production means

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Answer 1

Private ownership of personal transport vehicles like buses and cars

Answer 2

Government ownership of capital and all industries

Answer 3

Private ownership of capital goods and production means

Answer 4

The exclusive use of traditional barter markets

What does 'Capitalism' primarily refer to?

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