9
QuizMultiple Choice

New Economic Theories

Question 9 • PBCSD_Grade_Forgiveness_2109310_World History_S2_2015

What two principles form the basis for capitalism?

Answer
A
private ownership and equal wealth
B
free markets and shared property
C
private ownership and free markets
D
free markets and government oversight

Explanation

Capitalism is based on private ownership, which lets individuals or businesses own property and resources, and free markets, where prices and production are largely shaped by supply and demand. Together, these principles distinguish capitalism from systems based on shared property or equal distribution of wealth. The correct choice is private ownership and free markets.

AI-written and checked against the verified answer.

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