Capitalism Answers

In order to accumulate wealth, a country should work to

Who owns most farms and factories in a capitalist economy?

According to Adam Smith, the government should be responsible for

Every individual is continually exerting himself to find out the most advantageous employment for whatever capital he can command. It is his own advantage, indeed, and not that of the society which he has in view. But the study of his own advantage naturally leads him to prefer that employment which is most advantageous to the society.

In a capitalist economy, greater competition directly benefits

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The ultimate goal of mercantilism was to gain greater

A market that is driven by supply and demand is controlled by

Every individual is continually exerting himself to find out the most advantageous employment for whatever capital he can command. It is his own advantage, indeed, and not that of the society which he has in view. But the study of his own advantage naturally leads him to prefer that employment which is most advantageous to the society.

Why did industrialization change the economy of many countries? Check all that apply.

What was one advantage of the division of labor during the growth of industry?

America’s abundance was not created by public sacrifices to “the common good,” but by the productive genius of free men who pursued their own personal interests and the making of their own private fortunes.

How did banking change in Europe from the 1700s to the 1800s?