BUSINESS ADMINISTRATION
PRINCIPLES AND PRACTICE OF MANAGEMENT
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Question
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an economic and political system in which a country’s trade and industry are controlled by private owners for profit, rather than by the state.
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capitalism
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socialism
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fascisim
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Explanation:
Detailed explanation-1: -Capitalism is often thought of as an economic system in which private actors own and control property in accord with their interests, and demand and supply freely set prices in markets in a way that can serve the best interests of society.
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