[PAR] [TLE] Emperor Meiji [SEP] Emperor Meiji (明治天皇 , Meiji-tennō , November 3, 1852 – July 30, 1912) , or Meiji the Great (明治大帝 , Meiji-taitei ) , was the 122nd Emperor of Japan according to the traditional order of succession, reigning from February 3, 1867 until his death on July 30, 1912.  He presided over a time of rapid change in the Empire of Japan, as the nation quickly changed from an isolationist feudal state to a capitalist and imperial world power, characterized by the Japanese industrial revolution. [PAR] [TLE] Capitalism [SEP] Capitalism is an economic system and an ideology based on private ownership of the means of production and their operation for profit.  Characteristics central to capitalism include private property, capital accumulation, wage labor, voluntary exchange, a price system and competitive markets.  In a capitalist market economy, decision-making and investment are determined by the owners of the factors of production in financial and capital markets, whereas prices and the distribution of goods are mainly determined by competition in the market.
[PAR] [TLE] Emperor Meiji [ SEP ] Emperor Meiji ( 明治天皇 , Meiji - tennō , November 3 , 1852 – July 30 , 1912 ) , or Meiji the Great ( 明治大帝 , Meiji - taitei ) , was the 122nd Emperor of Japan according to the traditional order of succession , reigning from February 3 , 1867 until his death on July 30 , 1912 . He presided over a time of rapid change in the Empire of Japan , as the nation quickly changed from an isolationist feudal state to a capitalist and imperial world power , characterized by the Japanese industrial revolution . [PAR] [TLE] Capitalism [ SEP ] Capitalism is an economic system and an ideology based on private ownership of the means of production and their operation for profit . Characteristics central to capitalism include private property , capital accumulation , wage labor , voluntary exchange , a price system and competitive markets . In a capitalist market economy , decision - making and investment are determined by the owners of the factors of production in financial and capital markets , whereas prices and the distribution of goods are mainly determined by competition in the market .
Which economic system based on private ownership of the means of production and their operation for profit was employed during the reign of Emporer Meiji?
Which economic system based on private ownership of the means of production and their operation for profit was employed during the reign of Emporer Meiji ?
Capitalism
Capitalism