Read the excerpt from Teaching the Benefits of Capitalism by Roger B. Butters.
The single greatest benefit that capitalism provides is that it enables human choice. Capitalism establishes a social contract that makes it possible for individuals to exercise their franchise and free agency . . . It creates the necessary conditions for people to escape poverty and create wealth for themselves and for others.
Which detail from the excerpt provides the best evidence to support the claim that capitalism is better than socialism?
Capitalism provides a single benefit.
Capitalism enables human choice.
Capitalism establishes a contract.
Capitalism creates necessary conditions.
Answers
Answer:
B, CAPITALISM ENABLES HUMAN CHOICE
Explanation:
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Answer:
Explanation:
Capitalism:
An economic system based on private ownership of the means of production and their use for profit is known as capitalism. Capital accumulation, competitive markets, the pricing system, private property, the recognition of property rights, voluntary exchange, and wage labour are key aspects of capitalism. While prices and the distribution of products and services are mostly controlled by competition in the goods and services markets, decision-making and investments in a capitalist market economy are determined by owners of wealth, property, or the capacity to move capital or production.
In their assessments of capitalism, economists, historians, political economists, and sociologists have embraced numerous viewpoints and identified many kinds of it in daily life. These include state capitalism, welfare capitalism, anarcho-capitalism, and laissez-faire or free-market capitalism. Different versions of capitalism include varying levels of public ownership, free markets, barriers to uninhibited competition, and state-approved social policies. Varied forms of capitalism have different levels of market competition, the importance of intervention and regulation, and the extent of state ownership. Politics and policy determine how free certain markets are as well as the laws regulating private property. The majority of the current capitalist economies are mixed economies, which combine aspects of free markets with state intervention and, in certain circumstances, private property rights.
Capitalism enables human choice.
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