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What is a Capitalist system?

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Question

What is a Capitalist system?

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Solution

A Capitalist system is an economic system in which businesses and industries were owned by private individuals and not by the State.

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Industrial Revolution - Comparative Study of Socialism and Capitalism
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Chapter 13: The Modem Age in Europe: Industrial Revolution - Short Answer Questions

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Morning Star Total History and Civics [English] Class 9 ICSSE
Chapter 13 The Modem Age in Europe: Industrial Revolution
Short Answer Questions | Q 29
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