Answer:
B
Explanation:
That's an awful lot of points. You can get our attention with 10 or 15.
A: not true. That sounds like communism.
C: not true either. I know of no government that bases ownership on those who buy the products. If it happens, it is a very small percentage where the employees themselves buy the products they make and sell.
D: The government can own businesses. In Canada, our governments used to own oil companies and air lines and part ownership in other businesses (which makes us sound socialistic which we are).
The answer is B. Private companies own the factories that produce their products. Think companies like Ford and General Motors and Exxon to name just a very few. Most of the Dow 30 fall into this category. There are exceptions. Some of the Dow 30 are things like computer software. So they don't have factories as such.
In his most famous work, Wealth of Nations, Adam Smith discusses how the economy benefits tremendously when individuals focusing on self interest rather than the general interest of society.
The idea of self-interest revolves around an individual making a decision based on what is best for them on an individual basis. Smith argues that this is the most beneficial method because individuals would focus on making as many goods as possible to sell. This would benefit society as a whole, as there would be enough resources for everyone
. Along with this, focusing on your own financial gain will inadvertently help everyone. In order to have a successful business, you must keep your prices competitive. These competitive prices allow the business owner to have success while also giving the best deal to the consumer.
Hitler was the prime minister or president of Germany during the war. He wanted the perfect world and killed Jews and others who didn’t conform to his ways
