The economic system of capitalism is driven by profit, minimising costs and surplus labour.

Name: The economic system of capitalism is driven by profit, minimising costs and surplus labour.
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Question

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Capitalism is based on the principles of free market, individual ownership of property, and the pursuit of profit. In order to maximize profits, capitalists strive to minimize costs, including labor costs, which can lead to surplus labor.

The Economic System of Capitalism Is Driven by Profit, Minimising