Author Question: Ben wants to open a business in a country that allows him to own property privately, make a personal ... (Read 58 times)

khang · **on:** Jul 2, 2018

Ben wants to open a business in a country that allows him to own property privately, make a personal profit, and compete openly against other firms. In general he prefers that the government stay out of his business. He would like to open his business in a __________ system.

A) socialist
B) capitalist
C) communist
D) democratic

Question 2

When an economic system is based on ownership of the means of production by the people for their collective benefit it is classified as a __________ system.

A) capitalist
B) socialist
C) democratic socialist
D) corporatist