Which of the following is not characteristic of capitalist thought?a. Private individuals have a right to pursue private gain.b. Society will benefit from attempts to make a profit.c. The state must make an active attempt to control the economy.d. Individuals pursuing a profit must be willing to risk losing money.
Which of the following is not characteristic of capitalist thought?a. Private individuals have a right to pursue private gain.b. Society will benefit from attempts to make a profit.c. The state must make an active attempt to control the economy.d. Individuals pursuing a profit must be willing to risk losing money.
Chapter1: The Role And Method Of Economics
Section: Chapter Questions
Problem 6P
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Which of the following is not characteristic of capitalist thought?
a. Private individuals have a right to pursue private gain.
b. Society will benefit from attempts to make a profit.
c. The state must make an active attempt to control the economy.
d. Individuals pursuing a profit must be willing to risk losing money.
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