Meaning of Capitalistic System Capitalism stands for an economic order in which the instruments of production (Land, Labour, Capital and Organization) are owned and controlled privately and production
What is Capitalism? Capitalism is an economic order in which the resources are owned by a few rich and private people, and production will be done for profit.
Advantages of Capitalism The major benefits or advantages of capitalism are as under: 1. The resources are utilized efficiently and economically. 2. Producers, consumers and the workers all
Capitalist economic system In a capitalist economic system, the means of production are owned and operated by private individuals whose main object is to maximize profits. Free enterprise,
