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
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What determines prices in a capitalist system?
Government regulations
Consumer preferences
Political leaders
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What does capitalism encourage?
Collaboration
Competition
A centralized economy
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What are some drawbacks of capitalism?
Income equality and environmental sustainability
Government control and social welfare
Resource abundance and low unemployment
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Which of the following can lead to economic growth and development in capitalism?
Regulation
Innovation
Monopoly
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What is the main goal of capitalism?
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What are some potential negative effects of capitalism?
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