Read the following scenario:
gretchen opens a high-end bakery in a busy section of town. customers pay
top dollar for her quality baked goods. just two months later, emily opens a
bakery across the street. she also sells baked goods but uses lower-quality
ingredients and has a less appealing shop. some of gretchen's customers
take their business to emily's bakery because her prices are lower.
this is an example of which industrial revolution-era ideal?
o
a. social welfare
o
b. capitalism
o
c. marxism
o
d. individualism