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Which of the following best describes a capitalistic nation? a. Most or all of the factors of production and distribution are privately owned and operated for a profit. b. The political system endors

Which of the following best describes a capitalistic nation?

a. Most or all of the factors of production and distribution are privately owned and operated for a profit.
b. The political system endorses several hundred entitlement programs. Business taxes support these programs that are restricted to the unemployed.
c. The nation-state owns most of the factors of production and distribution and makes central decisions with respect to the distribution of resources.
d. The nation-state practices state capitalism. It prefers to maintain ownership of certain industries.

Apr 15 2021 View more View Less

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