Which of the following is NOT a key concept of capitalism?

Name: Which of the following is NOT a key concept of capitalism?
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Question

Quizplus · Accepted Answer

Capitalism is primarily characterized by competition in the market, the law of supply and demand, and the pursuit of profit. The idea that the economy determines society is more closely associated with Marxist theory, which views economic relations as the foundation upon which societal structures are built, rather than a key concept of capitalism itself.

Which of the Following Is NOT a Key Concept of Capitalism