Capitalism is based on all of the following except

Question

Quizplus · Accepted Answer

Capitalism is not based on equity, but rather on the idea of profit maximization and market competition. While some advocates of capitalism argue that it can lead to greater equity in society, this is not a fundamental tenet of the system. Trust may be an important element of capitalist transactions, but it is not a defining feature. The "invisible hand" and price mechanism are both central to the functioning of capitalist markets, as they rely on the signals of supply and demand to allocate resources and determine prices.

Capitalism Is Based on All of the Following Except