________ asserts that ownership of the means of production belongs in the hands of individuals and private businesses.

Question

Quizplus · Accepted Answer

Capitalism is the economic system that promotes private ownership of the means of production and encourages free competition in the marketplace. In a capitalist system, individual entrepreneurs and private businesses are free to make decisions regarding their economic activities and investments. The state is not involved in the ownership or distribution of property or resources, and economic decisions are made based on market demand and supply.

________ Asserts That Ownership of the Means of Production Belongs