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Question
Which of the following adopted capitalistic economy?
Which of the following adopted capitalistic economy?
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Solution
The correct option is B All of above
- Germany is one of the world's great capitalist countries. The defining characteristics of a capitalist society are the ownership of private property, wages, capital accumulation, and a competitive marketplace.
- Japan is the only example of collective capitalism in practical form. It stems from the economic and social restructuring of Japan following World War II. Japan currently has the world's 3rd largest economy by Purchasing Power Parity and the 2nd largest by market exchange rates.
- The three pillars of democratic capitalism include economic incentives through free markets, fiscal responsibility, and a liberal moral-cultural system that encourages pluralism. So, the US is often seen as having a democratic capitalist, political,economy system.
- Germany is one of the world's great capitalist countries. The defining characteristics of a capitalist society are the ownership of private property, wages, capital accumulation, and a competitive marketplace.
- Japan is the only example of collective capitalism in practical form. It stems from the economic and social restructuring of Japan following World War II. Japan currently has the world's 3rd largest economy by Purchasing Power Parity and the 2nd largest by market exchange rates.
- The three pillars of democratic capitalism include economic incentives through free markets, fiscal responsibility, and a liberal moral-cultural system that encourages pluralism. So, the US is often seen as having a democratic capitalist, political,economy system.
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