Capitalism is an economic system in which the ownership of resources is mostly

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Capitalism is characterized by the private ownership of resources such as land, businesses, and capital goods. This means that individuals or private entities have control over the means of production and distribution of goods and services, and they have the right to earn profits from their investments and labor. In contrast, collective ownership is more characteristic of socialist or communist economic systems, while government ownership is more common in authoritarian or state-controlled economies.

Capitalism Is an Economic System in Which the Ownership of Resources