Is capitalism practiced in Tanzania? ?

Given that Tanzania is mostly rural I'm particularly interested in the more modernized parts of Tanzania. However it would be interesting to know if any of it's tribe's also practice it though I doubt it. Thank you in advance. 

1 Answer

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  • Zirp
    Lv 7
    2 months ago
    Favorite Answer

    Yes it is. the means of production are owned by private parties. Profit is a priority. Wages and prices are determined by supply-and-demand. People compete for jobs, companies compete for clientele

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