Private ownership of capital gives capitalism its name.
What is capitalism?
Capitalism is the private ownership of means of production and distribution in an economy such that economic decision making is in the hands of private individuals
Under a capitalism system of economy, the decisions of what to produce, how to produce and for whom to produce are decided upon solely the private owners who own all factors of production.
Find out more about capitalism on:https://brainly.com/question/25879591
#SPJ1
