Question

In its “pure” or “ideal” form, ______ is an economic system shaped by market rather than government forces, and ownership of the means of producing goods is private. Owners purchase labor from workers, and their objective is to sell a good or service for less than the cost of production.

Answer 1

Answer:

In its “pure” or “ideal” form capitalism is an economic system shaped by market rather than government forces, and ownership of the means of producing goods is private. Owners purchase labor from workers, and their objective is to sell a good or service for less than the cost of production.

Explanation:

Some economists might think that the concept above mentioned also corresponds to the market economy or social market economy.