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  4. Ludwig von Mises
  5. Capitalism or market economy is that system of social...

Capitalism or market economy is that system of social cooperation and division of labor that is based on private ownership of the means of production.

Ludwig von Mises
Mean, Division Of Labor, Cooperation
Ludwig Von Mises (1969). “Bureaucracy”, ICON Group International
Capitalism or market economy is that system of social cooperation and division of labor that is based on private ownership of the means of production.