In which of the following types of economic systems do entrepreneurs and investors have the most amount of freedom with regard to controlling business ownership,profits,and resource allocations?
A)Socialism
B)Capitalism
C)Communism
D)Mixed economy

Question

Quizplus · Accepted Answer

In a capitalist economy, entrepreneurs and investors have the most freedom to control business ownership, profits, and resource allocations. This system is characterized by private property, capital accumulation, wage labor, voluntary exchange, a price system, and competitive markets.

In Which of the Following Types of Economic Systems Do