Which of the Following Is an Economic System in Which

question 41

Multiple Choice

Which of the following is an economic system in which private individuals and corporations own the means of production and,motivated by the desire for profit;compete in free markets under conditions of limited restraint by government?

• A) Utilitarianism
• B) Capitalism
• C) Socialism
• D) Fascism

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Definitions:

Henry Shue

A philosopher known for his works on human rights, with a focus on the foundational rights to security and subsistence.

Sulfur Dioxide

A toxic gas with a pungent, irritating smell, used in many industrial processes and as a preservative, but known to cause environmental and health problems.

Emission Allowances

Permissions granted to a company to emit a certain amount of pollutants into the environment.

Green Capitalism

An economic model that seeks to address environmental issues within a capitalist framework, promoting sustainable practices and green technologies.