Identify which of the following is not a key condition that must be present for pure capitalism to exist.

Question

Quizplus · Accepted Answer

Government protectionism is not a key condition for pure capitalism to exist. In fact, pure capitalism advocates for minimal government intervention in the economy in order to allow the market to function freely. Private ownership of the means of production, personal profit, and competition are all essential components of pure capitalism.

Identify Which of the Following Is Not a Key Condition