Capitalism is an economies system ?
Correct answer: C. Where private owners of capital make decisions based on profit
- A. based on government intervention in the means of production
- B. that originated in the United States in the 19th Century
- C. Where private owners of capital make decisions based on profit
- D. that dominated developing economies in the 19 Century
Explanation
Capitalism is characterized by private ownership of capital and production decisions guided largely by profit. Government ownership is associated with socialism, and capitalism did not originate specifically in nineteenth-century America.
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