WORLD WAR II 1941 1945
THE YALTA CONFERENCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Being able to own your own property
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The rights of individuals are LESS important than the rights of the community
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Some people are very wealthy, some are very poor
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Businesses are privately owned
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Detailed explanation-1: -Capitalism has many unique features, some of which include a two-class system, private ownership, a profit motive, minimal government intervention, and competition.
Detailed explanation-2: -Answer and Explanation: The correct answer is option d. classless society. The primary characteristics of capitalism are that it has a feature of private ownership, a noticeable minimal government intervention, the presence of a competitive market, and the presence of two classes of individuals.
Detailed explanation-3: -There are three elements to the argument for capitalism, and while they connect in crucial ways they can be separately defined. Those three elements are (a) division of labor; (b) impersonal exchange based on prices; and (c) economies of scale based on knowledge.
Detailed explanation-4: -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.