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Question
As a result of the industrial revolution, a new class of people called _______ came into existence.
As a result of the industrial revolution, a new class of people called _______ came into existence.
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Solution
The correct option is D capitalists
Capitalism is
an economic system in which capital goods are owned by private individuals or
businesses. The production of goods and services is based on supply and demand
in the general market, rather than through central planning.
The purest form of
capitalism is free market or laissez-faire capitalism, in which private
individuals are completely free to determine where to invest, what to produce
or sell, and at which prices to exchange goods and services, without check or
controls.
Most modern countries practice a mixed capitalist system of some sort
that includes government regulation of business and industry.
Capitalism is
an economic system in which capital goods are owned by private individuals or
businesses. The production of goods and services is based on supply and demand
in the general market, rather than through central planning.
The purest form of
capitalism is free market or laissez-faire capitalism, in which private
individuals are completely free to determine where to invest, what to produce
or sell, and at which prices to exchange goods and services, without check or
controls.
Most modern countries practice a mixed capitalist system of some sort
that includes government regulation of business and industry.
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