Which system of government allows for and guarantees maximum competition?
A.
Feudalism
B.
Capitalism
C.
Communism
D.
Social Democracy
Correct Answer: Option B
Explanation
Capitalism is an economic system where private entities own the factors of production. It allows for maximum competition as businesses compete for the same resources and customers in a free market to achieve profit maximization.
Contributions ({{ comment_count }})
Please wait...
Modal title
Report
Block User
{{ feedback_modal_data.title }}