Which statement best describes capitalism?
A) Capitalism is an economic system in which the means of production and distribution is in state hands.
B) Capitalism is an economic system that operates under the profit motive.
C) Capitalism is an economic system that dispenses with competition.
D) Capitalism is an economic system where the profits generated belong to the state as a whole.
Correct Answer:
Verified
Q1: Which of the following accurately reflects the
Q2: The concept of the "invisible hand" means
A)
Q4: An exclusive focus on short-term performance
A) is
Q5: According to one survey of cultural values
A)
Q6: One reason for believing that in practice
Q7: For employees who are paid handsomely for
Q8: Evidence for the idea that American manufacturing
Q9: For the first time since the Industrial
Q10: The profit motive
A) is a fundamental feature
Q11: Capitalism operates on the debatable assumption that
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