The main incentive in capitalism is:Group of answer choiceshigh wagesScratchprofitScratchlow taxationScratchreasonable interest ratesScratcha shorter work weekScratch

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 Karl Marx and Friedrich Engels in the Communist Manifesto, which of these is a consequence of capitalism?Group of answer choicesConcentration of capital in class of property ownersImperialism and warUnemployment and impoverishmentAll of the above.

…....................... and sociologists have adopted different perspectives in their analyses of capitalisma.Academiciansb.Scientistsc.Political economistsd.Mentalists

With a communist economy system:Group of answer choicesthere is complete freedom of tradeScratchconsumers can expect a mixed economic reactionScratchthere are strong incentives for workersScratchbasic industries such as railroads and utilities are owned by government, while other industries are owned by the private sectorScratchnone of the above is true

A key element in capitalism is:Group of answer choicesa low standard of livingScratchindividual ownership of propertyScratchgovernment ownership of propertyScratchgovernment control of marketScratchcontinued growthScratch