Question

This economic system is one where government has little interference in workers' choice of jobs; competition between producers provides better products; there are incentives through advancements and higher pay for doing a good job; businesses CAN fail and only the strong-minded, educated, and hard-working are successful. What economic system is being described? A) Capitalism B) Communism C) Darwinism D) Socialism

Answer 1

Answer:

correct answer is the letter A. "Capitalism."

Explanation:

In capitalism the government has little interference in the production and distribution of goods and services. In this respect, workers will find employment according to the labor supply and demand of the market, and their wages will be in accordance with the productivity and talent of each individual. Moreover, only struggling people will succeed. Thus, the production and distribution of goods is determined through the market, where the best prepared companies will make a profit and continue to produce.

Answer 2

A) Capitalism is right answer