_____ Refers to an Economic System in Which the Means

question 2

Multiple Choice

_____ refers to an economic system in which the means of production are owned by the people for their collective benefit.

• A) Capitalism
• B) Totalitarianism
• C) Libertarianism
• D) Socialism

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Definitions:

Simplicity

The quality of being easily understood or executed without unnecessary complexity; often valued in scientific theories and models for its elegance and efficiency.

Positivity

The practice of maintaining a positive attitude and focusing on the good aspects of any situation.

Objectivity

Refers to the concept of being unbiased and impartial, evaluating facts without letting personal feelings or prejudices affect judgement.

Readability

The ease with which a reader can understand or interpret text.