which of the following statements best defines capitalism course hero

by Hudson Brown 10 min read

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.