Question 2
Political IdeologiesCapitalism is an economic system in which
- A.the economy of the State is centrally planned and controlled
- B.private persons are permitted to undertake enterprises
- C.accumulation of private property is forbidden
- D.the means of production are owned and controlled by the State
- E.all big industries and the land are publicly owned for the common good
Show the answer and explanation
Answer: B (private persons are permitted to undertake enterprises)
Explanation
Capitalism allows private individuals and firms to own businesses and run them for profit; the other options describe socialism or communism.