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Which of the following best describes what capitalism was in the Americas? A. when individuals in private businesses run most industries B. when a mother country controls the economics of a colony with the goal of making more money or C. based on the individuals in what individuals choose to buy and sell

User Corey G
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18 votes

Answer:

The correct answer is C. Capitalism was based in what individuals choose to buy and sell.

Step-by-step explanation:

Capitalism is an economic system based on investing money in the expectation of making a profit. The means of production are usually privately owned by private entrepreneurs who often use wage labor to create added value. They enjoy a great deal of legal freedom to dispose of these resources, the free enterprise-based production. This freedom also means that there is competition, which means that entrepreneurs have an interest in increasing the efficiency of their business. Therefore, the capital owner will not fully consume the profit, but reinvest in the enterprise and capital accumulation takes place. The distribution of products is regulated by the market, in which the role of the government is (in principle) limited to that of market master.

User Dimib
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