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Growth of Capitalism and Colonies

Which of the ...

Question

Which of the following elements controls trade and industry of a country in capitalism?

A

A dictator

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B

The state

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C

Private owners

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D

An imperial nation

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Solution

The correct option is C Private owners
‘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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