Answered: Which is characteristic of the…

Which is characteristic of the capitalistic ideology? unselfish individuals centralized decision-making (C) government ownership of the means of productio D free enterprise and choice

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter2: Economic Systems And The American Economy

Section: Chapter Questions

Problem 17AA

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Concept explainers

Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.

Question

D7)

Which is characteristic of the capitalistic ideology?
A unselfish individuals
centralized decision-making
(C) government ownership of the means of production
free enterprise and choice

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