Capitalism Is an Economic System in Which

question 11

Multiple Choice

Capitalism is an economic system in which

• A) the means of production and distribution are collectively owned.
• B) all property is communally owned and no social distinctions are made on the basis of people's ability to produce.
• C) the means of production are largely in private hands, and the main incentive for economic activity is the accumulation of profit.
• D) None of these answers is correct.

---

Definitions:

Mathematical Algorithms

Sequences of precise instructions or rules designed to perform a calculation, solve problems, or process data.

Third-party App

Applications developed by entities other than the original manufacturer of the device or the owner of the operating system.

Historical Data

Archived data from the past used for reference or analysis to understand trends, patterns, or to make future predictions.

Consumer Demographics

The statistical aspects of consumers such as age, income, gender, and education, used by businesses to identify target markets.