Under capitalism:
A) most of the means of production and distribution are privately owned and operated for profit.
B) T he primary function of the government is to distribute wealth more evenly.
C) utilities, health care, education, and other important services are operated by the government.
D) markets operate to carry out the decisions made by central planners.

Question

Under capitalism:
A) most of the means of production and distribution are privately owned and operated for profit.
B) T	he primary function of the government is to distribute wealth more evenly.
C) utilities, health care, education, and other important services are operated by the government.
D) markets operate to carry out the decisions made by central planners.

Quizplus · Accepted Answer

The statement accurately defines capitalism as an economic system where most of the means of production and distribution are privately owned and operated for profit. This means individual businesses and entrepreneurs make decisions about what to produce and how much to charge, rather than a central government. The other options do not accurately describe capitalism.

Under Capitalism