Capitalism is an economic system which emphasizes_______________

Assessment: JAMB UTME - Government - 2018 Subject: Government

Question 1 Report

Capitalism is an economic system which emphasizes_______________
Answer Details
Capitalism is an economic system which emphasizes individualism. In a capitalist system, the means of production and distribution of goods and services are mainly in the hands of private individuals and companies, rather than the government. The goal of a capitalist system is to create wealth for individuals through market competition and the creation of goods and services in demand. The key idea behind capitalism is that individuals should be free to pursue their own interests and profits, and that this will ultimately lead to economic growth and prosperity for society as a whole.

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