Capitalists believed in ?a)control of property by societyb)workers rig...
**Answer:**
**Capitalists believed in profit and private property.**
Capitalism is an economic system characterized by private ownership of property and the pursuit of profit. Capitalists are individuals or businesses that own and control the means of production, such as factories, land, and machinery. They seek to maximize their profits through the production and sale of goods and services.
**Private Property:**
Capitalists believe in the importance of private property rights. Private property refers to the ownership of assets by individuals or businesses rather than by the state or society as a whole. Capitalists argue that private property rights incentivize individuals to invest in and improve their property, leading to increased productivity and economic growth. They believe that individuals should have the right to use, sell, or rent their property as they see fit, without interference from the state.
**Profit:**
Profit is a key motivation for capitalists. They believe that by taking risks and investing capital, they should be able to earn a return on their investment. Capitalists seek to maximize their profits by producing goods and services that are in demand and selling them at a price higher than the cost of production. They argue that the pursuit of profit drives innovation, efficiency, and economic growth.
**Competition:**
Capitalists believe in the importance of competition as a mechanism for allocating resources and driving economic growth. They argue that competition forces businesses to constantly improve their products and services, lower prices, and become more efficient. This benefits consumers by providing them with a wider range of choices and better quality products at lower prices.
**Limited Government Intervention:**
Capitalists generally advocate for limited government intervention in the economy. They believe that free markets, with minimal government interference, are the most efficient way to allocate resources and generate wealth. They argue that excessive regulation and government control can stifle innovation, entrepreneurship, and economic growth.
**Conclusion:**
In summary, capitalists believe in the pursuit of profit and the importance of private property rights. They argue that profit incentives and private ownership of property lead to economic growth and prosperity. Capitalists also emphasize competition and limited government intervention as key principles of a successful capitalist system.
Capitalists believed in ?a)control of property by societyb)workers rig...
As they were only. one that had private property & thought that by making worker working for long hrs & giving less wages will make they rich & give them a lot of profit in their industry & factory.
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