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companies compete for profits. just finished my quiz on apex. :)
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Earn +20 ptsQ: What phrases describe capitalism?
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Continue Learning about Economics
What type of economic system do individuals own most of the businesses?
Capitalism
What was Owen attitude toward capitalism Who did he think should make economic decisions Identify words and phrases that reveal his viewpoint?
Robert Owen was critical of capitalism, viewing it as exploitative and harmful to workers. He believed that economic decisions should be made collectively and democratically by the community rather than by individual capitalists. Phrases like "moral economy" and "cooperative labor" reflect his vision for a more equitable system that prioritizes social welfare over profit. Owen advocated for a cooperative society where the needs of the community guided economic choices.
What is an economic system in which most of the economy's resources are privately owned and managed?
capitalism.
What is capitalism in a sentence?
"My mom thinks that the movie In Time, is against capitalism" Is a sentence using capitalism.
What does Bosnia practice communism socialism or capitalism?
Capitalism
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