Capitalism - SS1 Government Past Questions and Answers - page 1
Who owns and controls the means of production in a capitalist system?
The government
Private individuals or companies
Religious institutions
What determines prices in a capitalist system?
Government regulations
Consumer preferences
Political leaders
What does capitalism encourage?
Collaboration
Competition
A centralized economy
What are some drawbacks of capitalism?
Income equality and environmental sustainability
Government control and social welfare
Resource abundance and low unemployment
Which of the following can lead to economic growth and development in capitalism?
Regulation
Innovation
Monopoly
What is the main goal of capitalism?
The main goal of capitalism is to generate profit for private individuals or companies.
What are some potential negative effects of capitalism?
Some potential negative effects of capitalism include income inequality, environmental degradation, and social unrest.