INDUSTRIAL REVOLUTION
INDUSTRIAL REVOLUTION AND ITS IMPACT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
Forms of Government
|
|
Characteristics of Capitalism
|
|
Structure of the Guild System
|
|
Elements of Culture
|
Detailed explanation-1: -Key Takeaways 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: -The right to own private property: This is the most fundamental of all rights under capitalism. Private ownership means that individuals can buy, sell, and use the land, buildings, machinery, inventions, and other forms of property.
Detailed explanation-3: -Which statement best describes a capitalist economy? The production and allocation of goods and services is determined primarily through markets.
Detailed explanation-4: -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.