which statement best describes capitalism? course hero

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.

Which historical stages of capitalism came first?

Emergence. 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 of the following accurately reflects the concept of Marxism?

Which of the following accurately reflects the concept of Marxism? Labor is alienated in a capitalist economic system (in part) because the labor of a work stands opposed to the worker as an autonomous power.

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.

Which description best characterizes capitalism quizlet?

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

Who is known as capitalist?

Capitalism is an economic system in which private individuals or businesses own capital goods. The production of goods and services is based on supply and demand in the general market—known as a market economy—rather than through central planning—known as a planned economy or command economy.

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 does Marx believe about capitalism and economics?

Marxism posits that the struggle between social classes—specifically between the bourgeoisie, or capitalists, and the proletariat, or workers—defines economic relations in a capitalist economy and will inevitably lead to revolutionary communism.

Which statement best describes how Karl Marx would respond to this statement about the investment of private capital?

The Wealth of Nations, 1776 Which statement best describes how Karl Marx would respond to this statement about the investment of private capital? He would disagree with it by pointing out that capital was created by labor, so laborers had a right to decide its use.

What was one of the faults with capitalism Marx discovered?

One of the faults with capitalism that Karl Marx discovered was the tendency for each economic agent to maximize his profits. He contended that the value added by a worker is more than the wages he earns; the difference being the profits enjoyed by the capitalist.

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.