Private Ownership of Most of the Means of Production Is

question 141

Multiple Choice

Private ownership of most of the means of production is common to

• A)capitalism and communism.
• B)capitalism and fascism.
• C)capitalism and socialism.
• D)fascism and communism.

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Definitions:

Monetary Policy

Actions of a central bank, currency board, or other regulatory authorities that determine the size and rate of growth of the money supply, which in turn affects interest rates.

Interest Rate

The cost of borrowing money or the return gained from lending money, typically expressed as a percentage of the principal amount per year.

Gross Domestic Product

The aggregate economic or market value of all products and services that have been completed inside a country's boundaries during a specific timeframe.

Interest Rate

The amount charged, expressed as a percentage, by a lender to a borrower for the use of assets over a specific period of time.