Macro Economics
Capitalism | Properties of Capitalism |
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Capitalism & its Properties:
There are five economic systems basically but no one is in practice in its original shape. These are as:
Capitalism
Communism
Socialism
Islamic
System of Economy
Mixed
Economy
In
this video, we are going to discuss capitalism. Capitalism has the following
properties.
Right
of ownership
Freedom
of business
Profitability
Competition
Price
Mechanism
Freedom
of Choice
Standard
of Goods
Limited Role of Government
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