A Capitalist System Is One Based on the Private Ownership

question 48

True/False

A capitalist system is one based on the private ownership of capital and is driven by the profit motive in a competitive marketplace.

---

Definitions:

Creditworthiness

The assessment of a borrower's ability to repay debt as agreed, often evaluated through credit scores and financial history.

Credit Policy

A set of guidelines a company uses to determine credit terms for its customers, including payment terms and limits.

Selling Price

The amount of money that a seller charges for a product or service.

Required Rate

The minimum return that investors seek on an investment, taking into account the risk involved.