Solved

Capitalism Is an Economic System in Which

Question 9

Multiple Choice

Capitalism is an economic system in which:


A) property belongs to the state rather than individuals.
B) the state decides what goods and services should be produced.
C) competition among the owners of production is discouraged.
D) selling something for more than it costs to produce is forbidden and the government monitors the business transactions among companies.
E) owners of production compete in setting prices that offer consumers the greatest value in price and quality.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents