Which of the following philosophies asserts that ownership of the means of production belongs in the hands of individuals and private businesses?

Name: Which of the following philosophies asserts that ownership of the means of production belongs in the hands of individuals and private businesses?
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Question

Quizplus · Accepted Answer

Capitalism is an economic system in which the means of production are privately owned and operated for profit. It emphasizes individual initiative, competition, and free market principles.

Which of the Following Philosophies Asserts That Ownership of the Means