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Which one of the following statements is NOT correct about capitalism? a. Capitalism is an economic system. O b. Capitalism is natural and as old as human history. Oc. Inequality is inherent in capita

User Ranya
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Answer:

Step-by-step explanation:

b. Capitalism is natural and as old as human history.

This statement is not correct. Capitalism is a relatively modern economic system that emerged in the late 18th and early 19th centuries with the Industrial Revolution. Before capitalism, various economic systems and arrangements existed, such as feudalism and mercantilism. The idea of capitalism as we understand it today is a product of specific historical and societal developments. It is not a system that has been present throughout all of human history.

User Septagram
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