In market capitalism:
A) factors of production are privately owned and decisions are made privately.
B) factors of production are owned by the government but decisions are made privately.
C) there is no role for government.
D) the consumer has few choices to make.

Question

Quizplus · Accepted Answer

In market capitalism, factors of production such as land, labor, and capital are privately owned and decisions are made by private individuals or entities. The government's role is limited, if present at all, and consumers have a wide range of choices in the marketplace.

In Market Capitalism