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Author Question: The profit motive a. is a fundamental feature of all societies. b. is no longer a key feature of ... (Read 127 times)

frankwu

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on: Jun 19, 2018
The profit motive
 
 

a. is a fundamental feature of all societies.
  b. is no longer a key feature of capitalism.
  c. must be checked by competition if society is to benefit.
  d. is basically immoral



Question 2

Which statement best describes capitalism?
 
 

a. Capitalism is an economic system in which the means of production and distribution is in state hands.
  b. Capitalism is an economic system that operates under the profit motive.
  c. Capitalism is an economic system that dispenses with competition.
  d. Capitalism is an economic system where the profits generated belong to the state as a whole



johnharpe

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Reply #1 on: Jun 19, 2018
Answer to Question 1

c

Answer to Question 2

b


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