Capitalism is an economic system in which:
A) property belongs to the state rather than individuals.
B) the state decides what goods and services should be produced.
C) competition among the owners of production is discouraged.
D) selling something for more than it costs to produce is forbidden and the government monitors the business transactions among companies.
E) owners of production compete in setting prices that offer consumers the greatest value in price and quality.
Correct Answer:
Verified
Q4: A major reason for deindustrialization is that,
Q5: Offshoring increases a company's costs at home.
Q6: _ is an economic system based on
Q7: Feminist scholars disagree with conflict theorists on
Q8: Deindustrialization, globalization, and offshoring have strengthened labor
Q10: Critics argue that globalization terminates jobs and
Q11: Conglomerates are subjected to greater market risk
Q12: According to C. Wright Mills, the power
Q13: Conflict theorists argue that capitalism leads to
Q14: In a democracy, individuals participate in governmental
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