In the capitalist economy, the private ownership of businesses is allowed. The business refers to the means of production needed to make optimum profit. An advantage of this is healthy competition between businesses to the delight of the citizens. Most of the liberal countries of the world adopts the capitalist system. Do you know them?
Price system
Private ownership
Accumulation of capital
Monopoly
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Welfare capitalism
Free market
Sole capitalism
State capitalism
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Degree of competition
Scope of state ownership
Variance of brokers
Role of intervention
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France
United States
Russia
United Kingdom
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Promotion
Price
Monopoly
Distribution
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Profit motive
Competition
Price control
Monopoly
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Adam Smith
Lord Robbins
Martin Hooke
Alfred Marshal
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Grade point average
Capacity utilization
Standard of living
By gross domestic average
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Price
Surplus
Monopoly
Shortage
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