The foundation of the U.S. economic system is based on
A) capitalism.
B) the ideas of Thomas Malthus.
C) equality.
D) the saying, "from each according to ability, to each according to need."

Question

Quizplus · Accepted Answer

The U.S. economic system is primarily based on capitalism, which is an economic system where private individuals own and control the factors of production, such as land, labor, and capital. In this system, prices are determined by supply and demand, and businesses compete for profits.

The Foundation of the U