Capitalism

question 126

Multiple Choice

Capitalism:

• A) is based on private property and the market.
• B) does not have a rationing mechanism.
• C) gives private property rights to government.
• D) relies on market forces to establish initial property rights.

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Definitions:

Small Claims Court

A specialized court that handles disputes involving relatively small monetary amounts, making legal proceedings faster and less formal.

Mandatory Case Management

A judicial process that involves the early and active control by a court over a case, in order to expedite proceedings.

Litigation Process

The sequence of legal steps followed in a lawsuit, from the initial filing through to the trial and any potential appeals.

Common Law Province

A common law province is a region that operates under the common law legal system, deriving principles from court judgments and customs rather than statutes.