Question

multiple-choice question
check three characteristics of capitalism

• competition is the main driver or efficiency
• all natural resources and means of production are privately owned
• emphasizes profit seeking
• all natural resources and means of production are owned by the government

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Explanation:

1. In capitalism, competition among firms drives them to be efficient to gain market share and profits, so "Competition is the main driver of efficiency" is a characteristic.
2. Capitalism is based on private ownership of most means of production and natural resources (though not always all in real - world cases, but this is a key theoretical characteristic), so "All natural resources and means of production are privately owned" is a characteristic.
3. Profit - seeking is a core motivation for businesses in a capitalist system as they aim to maximize profits, so "Emphasizes profit seeking" is a characteristic.
4. "All natural resources and means of production are owned by the government" is a characteristic of socialism/communism, not capitalism.

Answer:

• Competition is the main driver or efficiency (checked)
• All natural resources and means of production are privately owned (checked)
• Emphasizes profit seeking (checked)