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35. Read the Definition: This political and economic theory supports the private rather than public ownership of a countries means of production. Which best matches this definition? A. Socialism B. Capitalism C. Communism b. Mercantilism

Problemas

35. Read the Definition:
This political and economic theory
supports the private rather than public
ownership of a countries means of
production.
Which best matches this definition?
A. Socialism
B. Capitalism
C. Communism
b. Mercantilism

35. Read the Definition: This political and economic theory supports the private rather than public ownership of a countries means of production. Which best matches this definition? A. Socialism B. Capitalism C. Communism b. Mercantilism

Solución

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Edgarélite · Tutor durante 8 años
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B. Capitalism

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## Step 1<br />The problem provides a definition of a political and economic theory that supports private ownership of a country's means of production. We need to identify which of the given options best matches this definition.<br /><br />## Step 2<br />Let's analyze each option:<br />- Socialism: This theory advocates for public ownership and control of the means of production. This does not match the given definition.<br />- Capitalism: This theory supports private ownership and control of the means of production. This matches the given definition.<br />- Communism: This theory advocates for the elimination of private ownership and the establishment of a classless society where all means of production are owned in common. This does not match the given definition.<br />- Mercantilism: This theory is an economic theory that was prevalent in Europe during the 16th to the 18th century. It focuses on the accumulation of wealth through a positive balance of trade with other nations. This does not match the given definition.<br /><br />## Step 3<br />Based on the above analysis, the theory that best matches the given definition is Capitalism.
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