In a capitalist economy,the opportunities and procedures for buying and selling goods and services are determined by
A) Government
B) Markets
C) Custom
D) Laws

Question

Quizplus · Accepted Answer

In a capitalist economy, markets determine the opportunities and procedures for buying and selling goods and services. The government may provide regulations and laws to protect consumers and ensure fair competition, but ultimately the market is the driving force of the economy. Custom may also play a role in certain industries or regions, but it is not the determining factor in a capitalist economy.

In a Capitalist Economy,the Opportunities and Procedures for Buying and Selling