Capitalism is an economic system in which
A. all property is owned individually, and no social distinctions are made on the basis of people's ability to produce.
B. the means of production and distribution are collectively owned.
C. the means of production are largely in private hands, and the main incentive for economic activity is the accumulation of profits.
D. all property is communally owned and no social distinctions are made on the basis of people's ability to produce.
Answer: C
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What will be an ideal response?