The Main Mechanism That Regulates the Market System Is

question 251

Multiple Choice

The main mechanism that regulates the market system is

• A) self-interest.
• B) private property.
• C) competition.
• D) freedom of enterprise and choice.

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Definitions:

Initial Proletarianization

The early process of transforming agrarian or semi-feudal societies into industrial ones, where the mass of the population begins to receive wages for labor instead of living off the land.

Industrial Working Class

A socio-economic class comprised of individuals employed in industrial sectors, often involving manual labor and receiving wages for their services.

Craft Workers

Skilled laborers who produce goods or provide services with a particular expertise, often by hand or using traditional methods.

Analysis Of Work

Examination of job roles and processes to understand task requirements, efficiency, and workplace dynamics.