_______________is an economic system characterized by private ownership of the means of production, from which personal profits can be derived through market competition and without government intervention.

Question

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Capitalism is defined by private ownership of the means of production, a competitive market, and the ability to generate profits without government intervention. Socialism, on the other hand, involves collective ownership of the means of production and government control over the economy. Imperialism refers to a policy of extending a country's power and influence through colonization or military force, and authoritarianism is a political system characterized by centralized power and limited political freedom.

_______________Is an Economic System Characterized by Private Ownership of the Means