All of the following are true about capitalism except
A) industrialism and capitalism mean the same thing.
B) in capitalism, wealth that is not consumed is used to produce more wealth in the future.
C) an automobile factory is capital.
D) in most cases, an automobile should not be considered capital because it is a consumer good.
Correct Answer:
Verified
Q1: The process of industrialization
A) worked in favor
Q3: In England the enclosure acts concentrated land
Q4: An important political factor which made the
Q5: Steam engines were first used to
A) propel
Q6: The early factories in England were mainly
A)
Q7: For the most part, the new factories
Q8: Major incentives to industrialism in Britain were
Q9: According to the classical economists' "iron law
Q10: Classical economics, as propounded by Adam Smith
Q11: Between about 1800 and 1870, the unchallenged
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