Capitalism Is an Economic System in Which There Is

question 89

Multiple Choice

Capitalism is an economic system in which there is

• A) government control of production.
• B) private ownership of property.
• C) pursuit of collective interests.
• D) abolition of wage labour.

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Definitions:

Overgeneralization

The cognitive error of making broad and generalized interpretations or conclusions without sufficient evidence.

Gender Insensitivity

The lack of awareness or consideration for the differences and equality issues between genders, often resulting in discriminatory practices.

Inductive

A reasoning process that involves making generalizations based on specific observations or cases.

Deductive

A logical process in which a conclusion is based on the concordance of multiple premises that are generally assumed to be true.