Marx Believed That _________ Was the First Economic System Capable

question 61

Multiple Choice

Marx believed that _________ was the first economic system capable of maximizing the immense productive potential of human labor and ingenuity.

• A)the capitalist system
• B)socialism
• C)communism
• D)a centrally planned economy

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Definitions:

Limited Partner

An investor in a partnership who has limited liability to the extent of their investment and does not take part in day-to-day management.

Participates in Management

Involvement in the decision-making processes and operations of an organization or company.

Liability

The state of being responsible for something, especially by law, including debts or legal obligations.

Limited Liability Partnership

A partnership in which some or all partners have limited liabilities, protecting them from personal responsibility for the debts of the business.