Which statement correctly describes Capitalism?*

Decisions by consumers and businesses determine economic activity.

A. The government determines the use of all resources and completely controls the

economy, including prices.

A. The government offers public services, such as free health care and education but at

the cost of high taxation

A. The government calls for the abolition of private ownership.

Question

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Hailey Mccall

21 December, 01:09

Which statement correctly describes Capitalism?*

Decisions by consumers and businesses determine economic activity.

A. The government determines the use of all resources and completely controls the

economy, including prices.

A. The government offers public services, such as free health care and education but at

the cost of high taxation

A. The government calls for the abolition of private ownership.

+2

Answers (1)

Know the Answer?

Gunnar Barton · Answer 1

The first one

Explanation:

Dictionary definition: "an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state."