Which of the Following Is a Characteristic of Capitalism

question 14

Multiple Choice

Which of the following is a characteristic of capitalism?

• A) Government ownership of all capital.
• B) Government decision-making is preferred to decentralized decision-making.
• C) Market determination of prices and quantity.
• D) Equality of income.

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Definitions:

Entrepreneurs

Individuals who start and manage businesses, taking on financial risks in the hope of profit.

Managers

Managers are individuals responsible for controlling or administering an organization or group of staff, making decisions, and implementing actions to achieve goals.

New Venture

A business enterprise that has recently been established, characterized by new market offerings and potential for growth.

Risk Taker

An individual or entity that is willing to take on risk in pursuit of reward, often in the context of business or investment.