Question

question 33 of 35
which of the following is an important element in capitalism?
a. a government that dictates who works and where they work
b. business monopolies and union busting
c. major government intervention in the means of production
d. minimal government regulation, ensuring free choice

Explanation:

Capitalism is an economic system based on private ownership of the means of production and free - market principles. Minimal government regulation (laissez - faire) is a key aspect as it allows for free choice in economic activities such as production, consumption, and employment.

• Option A: A government dictating work is more in line with a command economy (like some socialist or communist models in extreme forms), not capitalism.
• Option B: Business monopolies can occur in capitalism, but union - busting is not an inherent or positive element of capitalism. Unions are a part of the labor market in a capitalist system, and healthy labor - management relations are also part of a well - functioning capitalist economy.
• Option C: Major government intervention in the means of production is contrary to the capitalist principle of private ownership of the means of production.

Answer:

D. Minimal government regulation, ensuring free choice