In _____, people are motivated by profit and compete with each other for maximum shares of profit.

Question

Quizplus · Accepted Answer

In capitalism, the economic system is characterized by private or corporate ownership of capital goods, investments determined by private decision, and prices, production, and the distribution of goods determined primarily by competition in a free market. People are motivated by profit and compete with each other for maximum shares of profit.

In _____, People Are Motivated by Profit and Compete with Each