True, Capitalism is an economic system based on private ownership of the means of production., The main goal of production activities in capitalism is to create profit., The bourgeoisie plays an important role in leading capitalist society., Free competition and the pursuit of markets are characteristics of capitalism., Free-competition capitalism existed from the 16th to the 19th century., Capitalism in politics spread across Europe and the Americas in the late 18th–early 19th century., Inequality and exploitation are possible negative effects of capitalism., False, Capitalism is based on public ownership of all property., Primitive accumulation of capital developed in the 19th–20th century., Monopoly capitalism appeared before free-competition capitalism., Capitalism has only positive impacts on society and the economy., Capitalism only developed in one country and never spread to other regions.

WRAP-UP. SESSION 8

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