Question

Which of the following is a basic right under capitalism? a. Freedom from taxation. b. Freedom of collusion. c.The right to vote.d. The right to compete.

Answer 1

Answer:

Letter d is correct. The right to compete.

Explanation:

Capitalism is an economic system characterized by the legitimacy of private goods and the freedom of industry and commerce to generate and acquire profits.

• Some of the features of this system are:
• Capital accumulation
• A pricing system
• Competitive markets
• Salaried work

So the correct alternative to this question is letter d, the right to compete.

Competition is one of the characteristics that underlie the capitalist system, through the market economy and the law of supply and demand, companies can commercialize their products and services without much interference from the State and according to their needs and competitive strategies to increase profitability.