All of the Following Are Characteristics Unique to the Capitalistic

question 57

Multiple Choice

All of the following are characteristics unique to the capitalistic or private enterprise system EXCEPT:

• A)profits
• B)free choices
• C)economies of scale
• D)ownership of property
• E)competition

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Definitions:

Real Property

Land and any permanent structures on it, including buildings and natural resources, recognized as property that can be owned and transferred.

Assigns

Individuals or entities to whom rights or properties are legally transferred or assigned.

Further Obligations

Additional duties or responsibilities that may be required from a party subsequent to the completion of a particular transaction or event.

Community Property

A form of ownership between married couples commonly found in some states where all property acquired during the marriage is considered equally owned by both spouses.