Which of the following is one of the basic premises behind capitalism?

Question

Quizplus · Accepted Answer

The basic premise behind capitalism is that free markets should decide what is produced and for what price, rather than the government or a central authority. This allows for competition among producers and consumers to determine the most efficient use of resources and the best distribution of goods and services. While producers may attempt to serve the best interests of society as a whole, this is not a fundamental premise of capitalism. Similarly, production is not always in the direction of social need, as supply and demand may not align with what society perceives as necessary or desirable. One of the basic premises behind capitalism is that free markets decide what is produced and for what price. The other options are not accurate premises of capitalism.

Which of the Following Is One of the Basic Premises