What statement creates the best picture of capitalism? a) Industrial captalism i

Question

What statement creates the best picture of capitalism?

a) Industrial captalism is chaacterized by pools trusts holding companies and an interpenetration of banking insurance and industrail intrests.

b) Mercantile capitalism emerged in the united states in the period directly following the civil war

c)in state welfare capitalism the government plays an active role in regulating economic activities in an effort to smooth out the boom and bust pattern of the business cycle.

d) financial capitalism developed in the period immediately prior to renaissance

PLEASE EXPLAIN YOUR ANSWER CHOICE

Explanation / Answer

a) Industrial captalism is chaacterized by pools trusts holding companies and an interpenetration of banking insurance and industrail intrests.

Because in the capitalist system all the industry, trade, and finance is largly owned by the private sector. There is no role for the government to play expect in case of avialibility of public goods and services. Its a very dynamic system and operated by the force of Laissez-faire (free market).

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