An economic system based on the investment of money for profit is an example of:
A. Capitalism
B. Colonies
C. Epidemics
D. Cottage
An economic system based on the investment of money for profit is an example of
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An economic system based on the investment of money for profit is an example of:
A. Capitalism
B. Colonies
C. Epidemics
D. Cottage
The correct answer is A. Capitalism.
Capitalism is an economic system where private individuals or businesses invest money in order to generate profit. This system is characterized by free markets, competition, and the accumulation of capital. In capitalism, the means of production are predominantly owned and operated by private entities rather than the government.