From the following characteristics, check those commonly associated with a capitalist but not a socialist economy. Check all that apply. a. More decentralized decision making through markets b. More centralized decision making c. More public ownership of resources d. More private ownership of resources e. More authoritarian government

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Business

Bauer

22 February, 21:16

From the following characteristics, check those commonly associated with a capitalist but not a socialist economy. Check all that apply. a. More decentralized decision making through markets b. More centralized decision making c. More public ownership of resources d. More private ownership of resources e. More authoritarian government

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Answers (1)

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Bryan · Answer 1

The correct answer is letter "A" and "D": More decentralized decision making through markets; More private ownership of resources.

Explanation:

Capitalism is an economic system in which the free market alone controls the production of goods and services. Its key features include open competition, a profit motive of producers, and private ownership of property with little to no central government intervention in regulating the free flow of the market.