QAEconomics › Contrasted to socialist economic systems, capitalist economic systems are typically
Q

Contrasted to socialist economic systems, capitalist economic systems are typically

a. equally productive.

b. more productive.

c. less productive.

d. not concerned with productivity.

A

Answer: B. More productive.

Capitalism is a system of government that promotes the private ownership of businesses, as well as the cost of production and the profits garnered.

Unlike the socialist system, the capitalist system is considered more productive because it encourages people to rise above the general status quo.

1 year ago
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