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. The essential feature of capitalism is the motive to make a profit.
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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. The essential feature of capitalism is the motive to make a profit.
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# ꒱ Chapter 2 — Europe and India (class 8)
;; Capitalism
— with the discovery of new sea routes trade with oriental countries became more profitable.
thus, capitalism means and economic system based on private capital investment and controlled by capitalists.
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:: colonialism means one country exploiting another country by making it into a colony.
:: imperialism means the system which a powerful country controls other countries by established overall domination, turning them into colonies.