Question
Make the statement true!
(3 points)
Capitalism is an economic system where goods and services are privately owned for profit by
. Capitalists invested
(money) to create something (somewhat) new – the factory. Industrialists would pay for people to build large buildings and machines and would hire workers to run those machines to make money for them; this became know as the
.
(3 points)
Capitalism is an economic system where goods and services are privately owned for profit by
. Capitalists invested
(money) to create something (somewhat) new – the factory. Industrialists would pay for people to build large buildings and machines and would hire workers to run those machines to make money for them; this became know as the
.
Answers
GPT-4o mini
Capitalism is an economic system where goods and services are privately owned for profit by ***individuals and businesses***. Capitalists invested ***capital*** (money) to create something (somewhat) new – the factory. Industrialists would pay for people to build large buildings and machines and would hire workers to run those machines to make money for them; this became known as the ***Industrial Revolution***.