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Growth of Capitalism and Colonies

Private owner...

Question

Private owners of country X control the industries and the trade for their own benefit. This is referred to as ___.

A

Imperialism

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B

Capitalism

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C

Colonialism

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D

Trade

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Solution

The correct option is B Capitalism
‘Capitalism’ refers to the economic and political system in which a country's trade and industry are controlled by private owners for their own profit, rather than by the state.

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