The system that has provided more opportunities for poor people to work their way out of poverty is known as what?
A)Socialism
B)Communism
C)Free-market capitalism
D)Monopolistic competition

Question

Quizplus · Accepted Answer

Free-market capitalism, with its emphasis on private property rights, competition, and voluntary exchange, has enabled individuals to create their own businesses, compete in the market, and earn income. This system has created more opportunities for individuals to work their way out of poverty than either socialism or communism, which tend to rely on centralized planning and control. Monopolistic competition is a type of market structure that exists within a free-market capitalist system but does not necessarily provide more opportunities for individuals to work their way out of poverty.

The System That Has Provided More Opportunities for Poor People