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Capitalism refers to the economic system wherein decisions about production, investment, and exchange are made chiefly by private individuals or corporations, especially as contrasted with collective, public, or state ownership. Attributes central to capitalism are private property, the division of labor, voluntary exchange, a money price-system, and competitive markets.

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This function shares capitalism with other forms organizing the economy of a society. But capitalism differs fundamental how this function is performed. … It is to say that there is not one capitalism - there are capitalisms, each a little bit different but each is capitalism. …
answered Aug 16 '17 by giftnuss