Join ExamsbookAnswer : 4. "All the above"
Capitalism is characterized by which of the following?5
Q: Capitalism is characterized by which of the following?
- 1Profitsfalse
- 2A market economyfalse
- 3Privately owned businessesfalse
- 4All the abovetrue
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Answer : 4. "All the above"
Explanation :
Answer: D) All the above Explanation: Capitalism is an economic system followed by a country or a society which is characterized by Privately owned businesses, a market economy and profits. Capitalism is defined as "production for exchange" driven by the desire for personal accumulation of money receipts in such exchanges, mediated by free markets. The markets themselves are driven by the needs and wants of consumers and those of society as a whole in the form of the bourgeois state.