A basic characteristic of _____ is that both producers and consumers are free to make their own economic decisions on many basic issues.
A) socialism
B) capitalism
C) communism
D) mercantilism

Question

Quizplus · Accepted Answer

In capitalism, producers and consumers have the freedom to make their own economic decisions without much government intervention or control. This is in contrast to socialism and communism, where the government has more control over the economy, and mercantilism, which focuses on promoting exports and restricting imports.

A Basic Characteristic of _____ Is That Both Producers and Consumers