A. Business owners have their own self interests in how their company will make money is associated with the concepts of capitalism.
What is capitalism?
A system of capitalism is an economy in which the means of production are privately owned and run for profit. Capital accumulation, competitive markets, the pricing system, private property, acknowledgment of property rights, voluntary trade, and wage labour are key aspects of capitalism. In a market economy, owners of wealth, property, or the capacity to move capital or the ability to produce are the ones who decide on investments and decisions, whereas the competition in the markets for goods and services is largely responsible for setting prices and determining how things are distributed.
In their assessments of capitalism, economists, historians, political economists, and sociologists have embraced numerous viewpoints and identified many kinds of it in daily life. These include state capitalism, welfare capitalism, anarcho-capitalism, and laissez-faire or free-market capitalism. Different versions of capitalism include varied levels of public ownership, open markets, barriers to uninhibited competition, and state-approved social policies. Varied forms of capitalism have different levels of market competition, the importance of intervention and regulation, and the extent of state ownership.
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Which of the following statements would be
associated with the concepts of Capitalism?
A. Business owners have their own self interests in how their
company will make money.
B. Prices need to be fixed at a certain point because buyers and
sellers never come to an agreement.
C. The government should own all businesses to benefit the majority.
D. The government should control how private property will be
utilized for business.
