_____ is an economic ideology with a bundle of values including private ownership of means of production,the profit motive,free competition,and limited government restraint in markets.
A) Capitalism
B) Socialism
C) Communism
D) Democracy

Question

Quizplus · Accepted Answer

The given values, such as private ownership of means of production and free competition, are all central components of the economic ideology known as capitalism. The profit motive and limited government restraint in markets are also commonly associated with this ideology. B) Socialism places a greater emphasis on collective or government ownership of resources, while C) Communism calls for the elimination of private property altogether. D) Democracy is a political system rather than an economic ideology, and is not directly tied to the values listed in the question.

_____ Is an Economic Ideology with a Bundle of Values