In capitalism,the production of goods is based on ________.

Question

Quizplus · Accepted Answer

In capitalism, the production of goods is based on economic demand. Producers manufacture goods and services in response to signals transmitted by the free-market price system, which reflects the collective desires and needs of consumers. Supply is adjusted to meet demand, as determined by the price system in a market-based economy that is characterized by private property rights, limited government interference, and competition. Government orders, power concentration, and collective goals do not play a primary role in capitalist production.

In Capitalism,the Production of Goods Is Based on ________