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5 essential Features of Capitalist or Free Market Economy

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A capitalist economy is a form of economic organisation in which means of production viz., land and capital are owned by private people. Capitalistic economy is also known as free market economy and Laissez faire economy.

What are the main features of a Capitalist Economy ?

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Capitalism is an economic system in which free enterprise, competition and private ownership of property generally prevail and all economic decisions are privately made.

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