Which of the following is characteristic of capitalism?
A) economic motivation through profit
B) governmental control of the economy
C) government and big business cooperation
D) the development of unions

Question

Quizplus · Accepted Answer

Capitalism is based on the principle of economic motivation through profit. This means that businesses are motivated by the pursuit of profit and use market mechanisms to determine prices, production, and distribution of goods and services. In a capitalist system, the government does not control the economy, and big business and the government typically do not cooperate. Union development is not specifically unique to capitalism, as it can exist under different economic systems.

Which of the Following Is Characteristic of Capitalism