Which is characteristic of the capitalistic ideology?
A)unselfish individuals
B)centralized decision-making
C)free enterprise and choice
D)government ownership of the means of production

Question

Quizplus · Accepted Answer

Free enterprise and choice are the hallmarks of capitalist ideology. In a capitalist system, individual businesses operate in a market where prices are determined by supply and demand rather than by a central authority. This allows individuals to make their own decisions about the goods and services they produce, sell and buy, and to compete freely. Capitalism is premised on individual self-interest and profit-making as the motive force driving economic growth and innovation, with the role of the state limited to protecting property rights and ensuring the rule of law.

Which Is Characteristic of the Capitalistic Ideology