Asked by
Kelly Rodriguez
on Nov 22, 2024
Verified
Which of the following is a distinctive feature of capitalism?
A) private ownership of Crown corporations
B) cooperation in the pursuit of collective goals
C) private ownership of property
D) public ownership of the means of production
Capitalism
An economic system where private individuals own and control trade and industry instead of the state.
Private Ownership
The legal right of a person or corporation to exclusively possess, control, and dispose of property or goods.
- Gain an understanding of the key features that differentiate economic systems.
Verified Answer
MP
Learning Objectives
- Gain an understanding of the key features that differentiate economic systems.