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Who owns that factories under the system of capitalism?
The people with the most money.
capitalism?
an economic system based on open competition in a free market, in which individuals and companies own the means of production and operate for profit
History can anyone help with capitalism what it means in your words?
Capitalism is an economic and political system. This is when countries trade and industry are controlled by private owners for profit and not the state.
What is the economic of China?
China's economic system is referred to as "Socialism with Chinese Characteristics". Under this system, all property is nominally owned by the state, but is leased to entrepreneurs and companies for their own use. A large private sector with numerous small, medium-sized and large enterprises (especially in consumer goods, entertainment, agriculture and electronics) exist alongside a number of large State-Owned Companies that are partially state-controlled, partially privatized (often with foreign investment). Thus the system is a hybrid of a market economy and a leninist planned economic system.
Economic system which people and privately owned companies own basic and non basic businesses?
Capitalism
