As presented and illustrated in class, capitalism as a social system is marked most distinctly byGroup of answer choicesthe state/government directly controlling most parts of the economy.everyone in society pursuing the goal of endless capital accumulation.businesses/capitalists being driven to continually re-invest profits to accumulate more profits.businesses making a profit in their line of work/activity.

As we have conceptualized it in this class, capitalism as a social system is defined most fundamentally byGroup of answer choicesbusinesses/capitalists using profits to invest in further profit-making.business/capitalists making a profit.businesses/capitalists producing commodities.people trading for goods.

Capitalism is an economic system based on the private ownership of the means of production and their operation for ….........a.capitalb.profitc.labourd.wage

According to Marx and Engels, capitalism is a crisis-ridden system. Why?Group of answer choicesCapitalists strive to minimize lab or costs by eliminating labor from production which as the system level undermines their ability to realized surplus value as profit.Capitalism undermines religious sentiment which is necessary to maintain the proper moral environment.Government regulations make it difficult for corporations to produce enough fgood and sevices especially in a competitive environment which impact effective demand.Socialists strive to undermine capitalism and in so doing create systemic instability which leads to period crises.

.An economic system whereby the government controls the means of production and shares the wealth of the nation equally is called  _____________a. Communismb. Capitalism c.c. Socialismd. Oligarchy.

State capitalism is an economic system in which the state undertakes business and commercial …....................a.economic activityb.social activityc.political activityd.religious activityClear my choice