Asked by Savannah Marcum on May 11, 2024
Verified
What do workers have available to sell in a capitalist system?
A) raw materials
B) stocks and bonds
C) their own labor
D) different kinds of commodities
Capitalist System
An economic system based on private ownership of the means of production and the creation of goods or services for profit.
Own Labor
A concept referring to the work performed by an individual that directly benefits themselves, typically not for an employer or for wages.
Commodities
Goods or services that are traded, bought, or sold.
- Achieve insight into the specific qualities and conceptualizations of economic regimes like capitalism, socialism, and communism.
- Observe the evolution in employment and labor customs facilitated by technological improvements and reforms in social practices.
Verified Answer
MM
Martina MartinMay 11, 2024
Final Answer :
C
Explanation :
In a capitalist system, workers have their own labor to sell in exchange for wages or salaries. This is the primary way in which they can participate in the economy and earn a living. While it is possible for workers to also own stocks and bonds or to produce and sell raw materials, their labor is the most fundamental asset that they have to offer in a capitalist system. Different kinds of commodities could also refer to goods produced by labor but this isn't the best choice as it's very broad.
Learning Objectives
- Achieve insight into the specific qualities and conceptualizations of economic regimes like capitalism, socialism, and communism.
- Observe the evolution in employment and labor customs facilitated by technological improvements and reforms in social practices.
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