Which Principle Is Associated with Capitalism

question 14

Multiple Choice

Which principle is associated with capitalism?

• A)Alienation of labor
• B)Trickle-down theory
• C)Dialectic materialism
• D)Xenophobic nationalism
• E)Economic equality

---

Definitions:

Demand for a Product

Refers to the quantity of a product or service that consumers are willing and able to purchase at various prices during a given period of time.

Price of a Product

The amount of money required to purchase a specific good or service, determined by various factors including demand, supply, and production costs.

Pricing Power

The ability of a firm to dictate or influence the price of its goods or services in the market.

Elasticities of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good, showing the responsiveness of consumers.