what statement best describes capitalism? (course hero)

What is meant by capitalism?

d. capitalism is an economic system where the profits generated belong to the state as a whole b. capitalism is an economic system that operates under the profit motive Which statement accurately describes capitalism?

What does capitalism require from the government?

c. Capitalism requires private ownership of the major means of production. b. although it can't be seen, the hand of government controls the economy. b. when people are left to pursue their own economic interests, disaster looms.

What is a basic tenet of capitalism?

A basic tenet of capitalism is that a. property refers to only physical objects b. ownership is a simple relationship between a person and the thing owned. c. capitalism requires private ownership of the major means of production

What is the difference between state welfare capitalism and financial capitalism?

c. in state welfare capitalism the government plays an active role in regulating economic activities in an effort to smooth out the boom-and-bust pattern of the business cycle d. financial capitalism developed in the period immediately prior to the Renaissance

What best describes Capitalism?

Capitalism is often thought of as an economic system in which private actors own and control property in accord with their interests, and demand and supply freely set prices in markets in a way that can serve the best interests of society.

Which statement creates the best picture of capitalism?

Which statement creates the best picture of capitalism? Capital is that money that is invested for the purpose of making more money.

What we call capitalism did not fully emerge until?

Modern capitalism only fully emerged in the early modern period between the 16th and 18th centuries, with the establishment of mercantilism or merchant capitalism.

Which statement gives the best depiction of capitalism quizlet?

Which statement best describes capitalism? Capitalism is an economic system that operates under the profit motive.

What is a simple definition of capitalist?

Definition of capitalist (Entry 1 of 2) 1 : a person who has capital especially invested in business industrial capitalists broadly : a person of wealth : plutocrat Charitable organizations often seek help from capitalists. 2 : a person who favors capitalism. capitalist.

What is capitalism in economics?

Capitalism is often thought of as an economic system in which private actors own and control property in accord with their interests, and demand and supply freely set prices in markets in a way that can serve the best interests of society. The essential feature of capitalism is the motive to make a profit.

What is the definition of capitalism quizlet?

Capitalism. An economic system based on open competition in a free market, in which individuals and companies own the means of production and operate for profit.

What is capitalist society?

Capitalist societies are stratified into classes, hierarchies of power and privilege related to the ownership and control of various forms of capital.

What is capitalism in economics?

d. capitalism is an economic system where the profits generated belong to the state as a whole . b. capitalism is an economic system that operates under the profit motive. Marxism states. a. capitalism leads to a concentration of property and thus a concentration of resources and power in relatively few hands.

What is industrial capitalism?

a. industrial capitalism is characterized by pools, trusts, holding companies and an interpenetration of banking, insurance, and industrial interests. b. mercantile capitalism emerged in the United States in the period directly following the civil war.

Why is labor alienated in a capitalist economic system?

d. labor is alienated in a capitalist economic system (in part) because the labor of a worker stands opposed to the worker as an autonomous power. d. labor is alienated in a capitalist economic system (in part) because the labor of a worker stands opposed to the worker as an autonomous power.

What is capitalism in economics?

a. capitalism is an economic system in which the means of production and distribution is in state hands. b. capitalism is an economic system that operates under the profit motive. c. capitalism is an economic system that dispenses with competition.

What is industrial capitalism?

a. industrial capitalism is characterized by pools, trusts, holding companies and an interpenetration of banking, insurance, and industrial interests. b. mercantile capitalism emerged in the United States in the period directly following the civil war.