QuestionApril 23, 2025

Capitalism is a political theory developed by Karl Marx. an economic system marked by the private ownership of wealth-creating assets, free markets, and freedom of contract. incompatible with property rights in wealth-creating assets. named for the centralization of economic power in the capitol city. unpopular in the United States.

Capitalism is a political theory developed by Karl Marx. an economic system marked by the private ownership of wealth-creating assets, free markets, and freedom of contract. incompatible with property rights in wealth-creating assets. named for the centralization of economic power in the capitol city. unpopular in the United States.
Capitalism is
a political theory developed by Karl Marx.
an economic system marked by the private ownership of wealth-creating assets, free markets, and
freedom of contract.
incompatible with property rights in wealth-creating assets.
named for the centralization of economic power in the capitol city.
unpopular in the United States.

Solution
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Answer

B. an economic system marked by the private ownership of wealth-creating assets, free markets, and freedom of contract. Explanation Capitalism is primarily defined as an economic system characterized by private ownership and free markets, allowing individuals to engage in contracts freely. The other options misrepresent or inaccurately describe capitalism.

Explanation

Capitalism is primarily defined as an economic system characterized by private ownership and free markets, allowing individuals to engage in contracts freely. The other options misrepresent or inaccurately describe capitalism.<br /><br />
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