Welfare capitalism is capitalism that includes social welfare policies and/or the practice of businesses providing …................ to their employeesa.fare servicesb.welfare servicesc.trade fared.social service

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

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.

The terms capitalism and socialism are both used to describe economic and political systems. On a theoretical level, both of these terms also describe specific schools of economic thought. Offer your own arguments about each of them in economic and political systems.

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.

The system that is based on a free market economy where individuals are allowed to own private property, businesses, industries, and farms. Individuals have the right to start their own businesses and profit from their hard work is referred to by what term?CapitalismCommunismRadicalismSocialism