Which of the Following Is a Characteristic of Pure Capitalism

question 87

Multiple Choice

Which of the following is a characteristic of pure capitalism?

• A)all resources are owned communally
• B)economic activity is coordinated by government decision makers
• C)the price system is used to guide resources to their highest-valued uses
• D)centralized economic planning is used to answer the basic economic questions
• E)individual choices are reflected only through collective decisions

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Definitions:

Social Consciousness

The awareness shared by individuals within a society regarding social inequality, injustice, and the need for social change.

Planned Obsolescence

A policy of producing consumer goods that rapidly become obsolete and so require replacing, driven by design or functional limitations.

Stability of Capitalism

The ability of the capitalist economic system to maintain itself and avoid major crises through adaptations and reforms.

Instability of Communism

The susceptibility of communist regimes or systems to experience political, economic, or social disorder, often due to internal challenges or inefficiencies.