According to the textbook, which of the following situations would be called "pure capitalism"?
A) when market forces can operate without interference from the government
B) when goods and services are equitably distributed according to the needs of the citizens
C) when private citizens own the means of production and pursue profits but do so within a vast system of laws designed to protect the welfare of the population
D) when there are no international laws governing commerce

Question

Quizplus · Accepted Answer

Pure capitalism refers to a system where market forces operate without any interference from the government. In this system, private individuals or corporations own the means of production and are free to pursue profits without any regulation by the government. This system is often characterized by competition, supply and demand, and the pursuit of self-interest.

According to the Textbook, Which of the Following Situations Would