HISTORY
NEW GLOBAL CONNECTIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Governments should control gold and silver to help the poor.
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Businesses should be owned by the government.
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Businesses should be privately owned by citizens.
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Governments should pass laws to keep trade fair.
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Detailed explanation-1: -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.
Detailed explanation-2: -Capitalism is a system of economic production which is controlled by market forces rather than a central government.
Detailed explanation-3: -Capitalism is the greatest economic system because it has numerous benefits and creates multiple opportunities for individuals in society. Some of these benefits include producing wealth and innovation, improving the lives of individuals, and giving power to the people.
Detailed explanation-4: -Pure capitalism refers to an economic system that is private and free. In a pure capitalist system, private businesses compete in the market without any interference from the government.
Detailed explanation-5: -Capitalism is an economic system that allows for and encourages the private ownership of businesses that operate to generate profit.