Which factor makes capitalism such a successful economic system?

Individual citizens have the freedom to take risks and improve their lives. Business owners have the right to take private property from citizens if it benefits the overall economy.

Public corporations make jobs available to those who want them.

Banking regulators work to limit the possibility of economic problems.

Question

Social Studies

Durham

24 September, 02:53

Which factor makes capitalism such a successful economic system?

Individual citizens have the freedom to take risks and improve their lives. Business owners have the right to take private property from citizens if it benefits the overall economy.

Public corporations make jobs available to those who want them.

Banking regulators work to limit the possibility of economic problems.

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Answers (1)

Know the Answer?

Stephen · Answer 1

Individual citizens have the freedom to take risks and improve their lives.

Explanation:

Most essential reason for the success of capitalism as an economic system is the freedom an individual has to take risks to further their own station in life. The risk taker may or may not become successful but this freedom allows for great social mobility.

Improvement of lives through fiscal development is allowed for in capitalism the best as it ascertains rights in the market to people who can use them correctly to gain advantages for themselves.