Which Is an Economic Philosophy That Promotes Private Ownership of Capital

question 38

Multiple Choice

Which is an economic philosophy that promotes private ownership of capital and advocates minimal government regulation of economic activity?

• A) marketism
• B) corporatism
• C) socialism
• D) capitalism
• E) Marxism

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Definitions:

Classification

The organized classification into groups or categories based on predefined standards.

Fevers

A rise in the body's temperature above the normal range, often indicating infection or illness.

Primary

Occurring first in time, development, or sequence; earliest.

Hypertension

A condition characterized by persistently high blood pressure in the arteries, which can increase the risk of heart disease, stroke, and other health issues.