Economic …..................... is a characteristic tendency of capitalist economiesa.growthb.developmentc.cumulationd.agglomeration
Question
Economic …..................... is a characteristic tendency of capitalist economies
a. growth
b. development
c. cumulation
d. agglomeration
Solution
The term that best fits the blank in the statement "Economic …..................... is a characteristic tendency of capitalist economies" is growth.
In capitalist economies, economic growth refers to the increase in the production of goods and services over a specific period, typically measured as the percentage increase in real gross domestic product (GDP). This growth is often driven by factors such as investments, technological advancements, and increased consumer demand.
The other options, while related to economics, do not represent the primary tendency associated with capitalism as directly as growth does. Economic development refers more to improvements in living standards and overall welfare rather than just output, cumulation refers to accumulation of wealth or resources, and agglomeration pertains to the clustering of businesses and populations.
Final Answer
a. growth
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