HISTORY
THE INDUSTRIAL REVOLUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Use money to keep good politicians in power
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Create equality among all social classes
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Prevent one company from taking over a certain industry, like railroads
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Use money to make more money
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Detailed explanation-1: -Profit motive: The motive of earning profit is one of the most important drivers of a capitalist economy. In this system, all the companies are looking to produce and sell their products to consumers to earn maximum profit.
Detailed explanation-2: -Another aspect of capitalism is that private property can be passed on from one generation to another. Therefore those who inherit capital can enjoy high income even without any effort. They have access to the best private education and jobs.
Detailed explanation-3: -Capitalism is an economic system in which private individuals own and control most of the factors of production-the resources used to produce goods and services. Individuals also own and run most companies, which compete with other companies for business.
Detailed explanation-4: -Capitalism tends to benefit capitalists the most. These include business owners, investors, and other owners of capital.