Which economic system emphasizes the private ownership of most factors of production?
A) socialism
B) communism
C) capitalism
D) Marxism
E) federalism

Name: Which economic system emphasizes the private ownership of most factors of production? A) socialism B) communism C) capitalism D) Marxism E) federalism
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Question

Quizplus · Accepted Answer

C)Capitalism makes use of the profit incentive for private ownership of the factors of production and encourages entrepreneurship by offering profits as an incentive.

Which Economic System Emphasizes the Private Ownership of Most Factors