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In a capital-istic economic system, distribution is often determined by wealth. If two people have the same wants, the person who can most afford something will be able to acquire it.
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A capitalistic society has which characteristic(s)?
All of the answers are correct
In a capitalistic economy factories publicly owned?
"Capitalism is an economic system in which the means of production are owned by private persons, and operated for profit and where investments, distribution, income, production and pricing of goods and services are predominantly determined through the operation of a free market. . . " en.wikipedia.org/wiki/Capitalist_economy
How does free enterprise function in a capitalistic society?
The idea of free enterprise allows businesses and owners to maximize their potential in a capitalistic system. There are not restrictions, other than laws and regulations regarding monopolies.
What does not describe a community with a capitalistic view of society?
A community with a capitalistic view of society is not based on communal ownership of resources, does not typically aim to reduce income inequality through wealth redistribution, and does not prioritize the needs of the collective over individual gain.
The mean of a binomial probability distribution can be determined by multiplying?
The mean of a binomial probability distribution can be determined by multiplying the sample size times the probability of success.
What characteristics does a capitalistic society have?
Choices in products and services, the profit motive, private ownership of property.
What can be determined using theoretical probability?
The probability distribution function.
Is soil texture determined by the amount and distribution of mineral particles?
true
What was the uneqaul distribution of wealth?
Modern society.
How would you describe a capitalistic system?
A capitalistic system is an economic system based on private ownership of the means of production and the pursuit of profit. In a capitalistic system, individuals and businesses are free to compete in the marketplace, determining prices and allocating resources. This system operates on the principles of supply and demand, with minimal government intervention in the economy.
What does industrial capitalism mean?
Industrial capitalism refers to an economic and social system in which trade, industry and capital are privately controlled and operated for a profit. In a capitalist system,income, production, distribution, investments pricing and supply of goods and commodities and services are determined by private decisions usually within the context of markets. In a capitalistic state, property is privately owned and this is protected by the rule of law of government. Thus in the rise of industrial capitalism, we are looking at starting of when individuals in a society started acquiring property privately.
Distribution under socialism is primarily determined by?
The ability of each individual to produce.
