Capitalist Societies Share Three Basic Ideals

Capitalist societies share three basic ideals. Which of the following is NOT one of these ideals?

A) The elements of production are privately owned.
B) Companies are free to maximize profits and accumulate wealth.
C) Land and resources should be owned and controlled by the state government, while production and services are in the hands of free enterprise.
D) Free competition and consumer independence are basic to all economic activities.

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free