Capitalism refers to

A. an ideology that developed out of the Industrial Revolution advocating governmental
concern with individuals' quality of life, includ¬ing educa¬tion, medical care, and
standard of living.
B. a theory that believes in government ownership and regulation of the major means of
production, that the government should regulate all sectors of the economy.
C. a belief in an economic system in which the major means of production are owned by
individuals, not by the govern¬ment of the state. The economic philosophy
emphasizes pri¬vate own¬ership and a market economy.
D. a belief that all forms of government interfere with individual rights and should be
abolished.


C

Political Science

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