Thursday, January 19, 2012

A quiz for reader(s)…

"_______________ is a politico-economic system based on private ownership of the means of production and in which the powers of the state are limited to the protection of the individual's rights against the initiation of physical force. … Under _______________, the state consists essentially just of a police force, law courts, and a national defense establishment, which deter and combat those who initiate the use of physical force."

The answer to the above blank is…

A. Capitalism

B. Laissez-faire capitalism

C. Socialism / Keynseanism

D. Distributism

No comments: