What is one main principle of capitalism? At its core, capitalism is centered around the principle of private ownership and the pursuit of profit. This economic system, which has been dominant in many parts of the world for centuries, emphasizes the importance of individual freedom, competition, and market-driven decision-making. Understanding this principle is crucial in analyzing the functioning and implications of capitalism in various aspects of society. In this article, we will delve into the essence of this principle and explore its impact on economies, individuals, and societies as a whole.
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