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c The foundation of the United States\' economic system is socialist owr rpids t

ID: 1159263 • Letter: C

Question

c The foundation of the United States' economic system is socialist owr rpids to dy more capital goods. B0u, IS abte to use the means of production in the form of state property and collective f cooperative property. None of these statements were coined by Adam Smith. D. 3.) Hitler's Germany was an example of a economic system. A. Capitalist B. Fascist Communist Socialist Private ownership of most of the means of production is common to A. capitalism and communism. B. capitalism and fascism. C. capitalism and socialism. D. fascism and communism. 4.) ) The government performs each of the following economic functio A. collecting taxes.

Explanation / Answer

3. socialist (though not to a full extent)

Socialism is based on social ownership and democratic control of the means of production

4. Capitalism and fascism

In Capitalism there is private ownership and control over the means of production, and the surplus product becomes a source of unearned income for its owners whereas radical totalitarian nationalism, regarded as by dictatorial power, forceful suppression of opposition and control of industry and commerce.

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