______________ are based on the right of individuals to own income-producing property,such as land, water,mines,and factories,and the right to "buy" people's labor.

Question

Quizplus · Accepted Answer

The statement describes the principles of a capitalist economy, which is based on the ownership of property and the ability to generate income through the labor of others. Socialism and communism, on the other hand, reject or severely limit private ownership of property and focus on collective ownership and distribution of resources. Imperialism refers to the domination of one country over another, which may or may not involve capitalist economic principles.

______________ Are Based on the Right of Individuals to Own