Asked by Alexander Orton on Jul 12, 2024

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​An advantage of capitalism is that

A) ​It allows the market to self-regulate and clear itself
B) It allows a person to follow his or her own self interest
C) It allows voluntary transactions,which create wealth
D) ​All of the above

Capitalism

An economic system characterized by private ownership of the means of production and the creation of goods or services for profit.

Self-Interest

The motivation of individuals to pursue their own advantages and well-being.

  • Comprehend the basic distinctions between capitalism and socialism.
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Nicole DiodatiJul 14, 2024
Final Answer :
D
Explanation :
All of the above options are advantages of capitalism. Capitalism allows the market to self-regulate and clear itself, which means that prices are determined by supply and demand without any external interference. It also allows individuals to pursue their own self-interest, which ultimately creates wealth and improves the overall standard of living. Additionally, capitalism allows for voluntary transactions between parties, which promotes freedom and individual choice.