The term Capitalism refers to:

A. the use of markets
B. government ownership of capital goods
C. private ownership of capital goods
D. private ownership of homes & cars

The term Capitalism refers to private ownership of capital goods


Capitalism is an economic system based on private ownership of capital. In this system, the production and distribution of goods depend on invested private capital and profit-making.

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Economics MCQs by CSSMCQs

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