Which of the Following Is a Distinctive Feature of Capitalism

question 85

Multiple Choice

Which of the following is a distinctive feature of capitalism?

• A)private ownership of the military
• B)cooperation in the pursuit of collective goals
• C)private ownership of property
• D)primacy of the state
• E)pure laissez-faire

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Definitions:

Final Goods

Products that have completed the production process and are ready for sale to the end consumer, not to be further processed or resold.

Macroeconomics

Macroeconomics is the branch of economics that examines the behavior and performance of an economy as a whole, focusing on aggregate outcomes such as economic growth, inflation, and unemployment.

Expenditure

The amount of money spent by an individual, organization, or government on goods and services.

GDP

GDP, or Gross Domestic Product, measures a country's economic output in terms of the total value of all goods and services produced within its borders in a specific time period.