How does modified capitalism differ from pure capitalism?
A) In pure capitalism, the government intervenes and regulates all business.
B) In modified capitalism, the government doesn't intervene or regulate business at all.
C) In modified capitalism, the government intervenes and regulates business to some extent.
D) In pure capitalism, the government intervenes and regulates basic industries only.
E) In modified capitalism, the government relies on individuals to regulate all aspects of business, including passing laws.

Question

Quizplus · Accepted Answer

In pure capitalism, all economic decisions are made without government intervention. Modified capitalism differs from pure capitalism in that the government intervenes and regulates business to some extent. One way the United States and Canadian governments regulate business is through laws.

How Does Modified Capitalism Differ from Pure Capitalism