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In simple understanding, Capitalism is as an economic system in which private actors own and control property. Demand and supply freely set prices in markets

In simple understanding, Capitalism is as an economic system in which private actors own and control property. Demand and supply freely set prices in markets in a way that can serve the best interests of society. However, after reading, the chapter and the lecture notes along with the given videos, discuss the fundamentals of capitalism. Do you think capitalistic economic system helps for a speedy economic development

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