Economies based on capitalism must __________ in order to survive.

Question

Quizplus · Accepted Answer

Capitalism is based on the principle of economic growth and profit maximization. For capitalism economies to survive, businesses and individuals must continually seek ways to innovate, invest and grow their wealth. Economic growth brings along with it job creation, improved standards of living and increased tax revenue for the government. Therefore, the economy based on capitalism must grow to survive.

Economies Based on Capitalism Must __________ in Order to Survive