Question

The contrast between capitalism and socialism is marked by capitalism's belief in private ownership, __________, and __________.

A.equality
B.fairness
C.profit
D.factors of production
E.state ownership
F.competition

Answer 1

Answer: D and F

Explanation: capitalism believes in 1) individuals are free to act to obtain satisfaction of their needs, 2) invisible hand of market that harmonizes "naturally" society ("free" society needs so-called mimal state and laissez-faire economy), 3) both previous points lead to general good and each member of society gets something good from it, 4) competion is natural because human nature is competitive.