contestada

_____ is an economic ideology with a bundle of values including private ownership of means of production, the profit motive, free competition, and limited government restraint in markets.

Respuesta :

Answer:

The correct answer is capitalism

Explanation:

Capitalism is both an economic ideology and an economic system. The main pillars of capitalism are listed in the question. Private property is perhaps the most important institution in capitalism, in opposition to other economic ideologies like socialism and communism in which private is social.

The profit motive is another characteristic of capitalism, that promotes the usage of capital to create wealth and income. Free competition and limited governement in markets are part of the capitalist ideology and they both show a preference for a market economy over a planned or state economy.

ACCESS MORE