An Economic System Based on the Private Ownership of Property

question 41

Multiple Choice

An economic system based on the private ownership of property in which profit is pursued through the investment of capital and the employment of labor is called ______________.

• A) the market.
• B) the corporate complex.
• C) capitalism.
• D) republicanism.
• E) democracy.

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Definitions:

Trait Measures

Tools or methods used to evaluate and quantify characteristics or qualities of individuals, often used in psychology to assess personality.

Workplace Success

The achievement of desired outcomes and objectives in a professional setting, often measured by performance, productivity, and personal fulfillment.

Type A

A personality type characterized by competitiveness, high ambition, and a sense of urgency, often associated with a higher risk for heart disease.

Easygoing People

Individuals characterized by a relaxed, tolerant, and flexible approach to life, often adapting to circumstances with minimal stress.