Which statement correctly describes Capitalism?*

Decisions by consumers and businesses determine economic activity.
A. The government determines the use of all resources and completely controls the
economy, including prices.
A. The government offers public services, such as free health care and education but at
the cost of high taxation
A. The government calls for the abolition of private ownership.

The first one

Explanation:

Dictionary definition: "an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state."

superior technology and improved medical knowledge to foster imperialism. quinine enabled europeans

to survive tropical diseases and venture into the mosquito-infested interiors of africa and asia. the combination

of the steamboat and the telegraph enabled the western powers to increase their mobility and to quickly respond

to any situations that threatened their dominance. the rapid-fire machine gun also gave them a military advantage

and was in convincing africans and asians to accept western control. the following table summarizes the

causes of the new imperialism:

causes of new imperialism

economic military/political humanitarian/religious technological

need for markets need for military bases white man’s burden new medicine

raw materials national security spread of christianity new weapons

source of investments source of

pride—nationalism

social darwinism

(superiority of western

society)

transportation

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