In a capitalist economic system,_____.
A)the government owns and operates all businesses
B)there is little scope for competition
C)consumers have a limited choice of goods and services
D)majority of people possesses government jobs
E)prices of goods and services are determined by demand and supply

Question

Quizplus · Accepted Answer

In a capitalist economic system, the prices of goods and services are determined by the forces of demand and supply, reflecting the market's dynamics without direct government control over the economy.

In a Capitalist Economic System,_____