HISTORY
THE INDUSTRIAL REVOLUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The economic system of capitalism says that the means of production are controlled by ____
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Families
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Government
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Individuals
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Corporations
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Explanation:
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. The essential feature of capitalism is the motive to make a profit.
Detailed explanation-2: -In the other, socialism, the state owns the means of production, and state-owned enterprises seek to maximize social good rather than profits.
There is 1 question to complete.