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Outcomes of The First World War

The economic ...

Question

The economic system based on private or corporate ownership of production and distribution is _______.

A

Socialism

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B

Capitalism

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C

Feudalism

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D

Communism

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Solution

The correct option is C Capitalism
The correct answer is Capitalism. Socialism and Communism give significant power to the government to control the economy, while in Feudalism, corporate ownership is absent. It is only Capitalism which is entirely based on private ownership.

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