Asked by Harrison Jackson on Sep 23, 2024
Verified
The biggest advantage of capitalism is that
A) It generates wealth with the help of government intervention
B) Prices hinder in moving assets from high-value to low-value uses
C) It forces involuntary exchanges
D) It creates wealth by letting a person follow his or her own self-interest
Capitalism
An economic system characterized by private ownership of the means of production, competition, and the pursuit of profit.
Self-Interest
Self-interest is a concept in economics that denotes individuals acting in pursuit of their own benefits, often driving economic transactions and market allocations.
- Apprehend the essential variances between capitalism and socialism.
Verified Answer
PC
Patricia Cardinio6 days ago
Final Answer :
D
Explanation :
Capitalism allows individuals to pursue their own self-interest, which leads to innovation, efficiency, and ultimately the creation of wealth. This incentivizes individuals to work hard and come up with new ideas to compete in the market, leading to increased productivity and economic growth.
Learning Objectives
- Apprehend the essential variances between capitalism and socialism.