Question

Which of the following actions supports the philosophy of capitalism?

ASAP!!!

A. A city council decides that all companies within the city must pay their workers a certain wage.

B. A politician demands that the government eliminate regulations on how much pollution a business can create.

C. A country establishes a tariff to make foreign goods more expensive than those produced in the country.

D. A legislature limits the total number of products an industry is allowed to sell in other countries.

Answer 1

The correct answer is B) A politician demands that the government eliminate regulations on how much pollution a business can create.

The action that supports the philosophy of capitalism is "A politician demands that the government eliminate regulations on how much pollution a business can create."

Capitalism is an economic system that is opposed to Socialism. In Capitalism, there is little intervention of the government in the means of production. Government is just there to regulate some aspects that facilitate the free market. In Capitalism, competition is healthy between businesses to benefit consumers. Companies want to make some money and its motivation is driven by profit. In this system, workers can get benefits such as bonus and incentives.