Which of the following is true of capitalist systems?

Question

Quizplus · Accepted Answer

Capitalist systems are based on the accumulation of capital, which is achieved through the generation of profit. To maximize profit, capitalists seek to reduce the costs of production, including labor costs, raw material costs, and overhead costs.

Answer: B
 While capitalist systems are often characterized by a lack of government intervention in the market, many governments do regulate business practices and promote fair competition to prevent harm to humans and natural resources.

Answer: None
 Capitalist systems are known for their competitive individualism rather than a collective or cooperative work ethic, and capitalist class systems often result in unequal distribution of wealth and resources.

Which of the Following Is True of Capitalist Systems