Capitalism is characterized by which of the following?
A) Profits
B) A market economy
C) Privately owned businesses
D) All the above
Answers
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option a privately owned business
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Capitalism is an economic system in which capital goods are owned by privately owned entities or individuals. The owners control the factors of production. The primary motive of a capitalism is to maximize profit.
This type of market requires a free market economy to succeed. In a capitalist market the private individuals operate without checks or controls having free hands in determining where and how much to invest, what and how much to produce or sell and at which prices to exchange goods and services.
Option D is correct.
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