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In a capitalist system, what are the goods and tools that are used to make products? Capital Labor Synthetic resources None of the above

Kristi Hammond

in Business

1 answer

1 answer

Craig Stewart on March 26, 2018

The capitalist system is a system in which trade and industry are controlled by private owners, and not by the state. The main objective of these private owners is profit.In a capitalist system, products and tools that are used to make products are called capital. The term capital denotes an asset that can improve the power to perform economically useful work.

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