Practice - Definition - 2.3.1
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Practice Questions
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What is a capitalist economy?
💡 Hint: Think about who owns the resources.
Name one feature of a capitalist economy.
💡 Hint: Consider how businesses operate.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What defines a capitalist economy?
💡 Hint: Focus on who owns the businesses and resources.
In a capitalist economy, prices are determined by?
💡 Hint: Think about how demand impacts costs.
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Challenge Problems
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Analyze how capitalism might impact income inequality in a society.
💡 Hint: Consider how competition affects wealth distribution.
Debate the advantages of innovation in capitalist economies versus regulation in socialist economies.
💡 Hint: What drives businesses to innovate in a capitalist society?
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