Capitalism is the theory held that competition often was wasteful but did allow for private property.
What is capitalism?
This is the term that is used to refer to the system of economy wherre the means of production lies in the hands of the people.
This is the method that is practiced in most democracies. The government does not interfere in the market demands and supply.
Raed more on capitalism here:
https://brainly.com/question/25879591
#SPJ1
