GENERAL KNOWLEDGE

Detailed explanation-1: -Some of the most important aspects of a capitalist system are private property, private control of the factors of production, accumulation of capital, and competition. Put simply, capitalist systems are controlled by market forces where capital goods are owned by businesses and private individuals.

Detailed explanation-2: -As a classical moral justification of capitalism, the natural right to property is a utilitarian justification. Capitalism is possible without private property. the fact that government now employs more people than manufacturing. we can secure what we need from others only by offering them something they need from us.

Detailed explanation-3: -Capitalist development requires that government play two roles, one administrative, in providing and maintaining the institutions that underpin capitalism, and the other entrepreneurial, in mobilizing power to modernize these institutions as needed.