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Class 9 Exam  >  Class 9 Questions  >  Capitalists believed ina)control of property ... Start Learning for Free
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Capitalists believed in
  • a)
    control of property by society
  • b)
    workers rights
  • c)
    sharing of profits with workers
  • d)
    profit and private property
Correct answer is option 'D'. Can you explain this answer?
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Capitalists believed ina)control of property by societyb)workers right...
Capitalists believed in profit and private property.


Capitalists, also known as supporters of capitalism, believed in profit and private property as fundamental principles of their economic system. Capitalism is an economic system based on the private ownership of resources and the means of production.


Private Property


Private property refers to the ownership of assets, resources, and means of production by individuals or businesses rather than by the state or society as a whole. Capitalists strongly advocated for the protection of private property rights, as they believed it was essential for economic growth and individual freedom. They argued that when individuals have the right to own and control property, they are motivated to invest, innovate, and create wealth.


Profit


Profit is the financial gain that businesses and individuals make through their economic activities. Capitalists believed that the pursuit of profit was a driving force behind economic progress. They argued that when individuals and businesses are motivated by the prospect of making a profit, they are more likely to take risks, invest in new ventures, and innovate. This, in turn, leads to economic growth and the creation of wealth.


Capitalists believed that the profit motive incentivizes individuals and businesses to allocate resources efficiently, as they would seek to maximize their profits by producing goods and services in demand by consumers. They also believed that competition in the marketplace would ensure that resources are allocated effectively, as businesses strive to offer better products and services at competitive prices.


Furthermore, capitalists believed that the distribution of resources and wealth should be determined by market forces rather than by government intervention. They argued that in a free market, where individuals are free to engage in voluntary transactions, resources and wealth would naturally flow to those who provide value to others, leading to a more efficient and prosperous society.


In conclusion, capitalists believed in profit and private property as fundamental principles of their economic system. They saw private property rights and the pursuit of profit as essential for economic growth, individual freedom, and the efficient allocation of resources.
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Capitalists believed ina)control of property by societyb)workers right...
Option D is correct
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Capitalists believed ina)control of property by societyb)workers rightsc)sharing of profits with workersd)profit and private propertyCorrect answer is option 'D'. Can you explain this answer?
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