Which statement about capitalist and communist economic systems is correct?

A In a communist system people can work for themselves or a privately owned business

B In a communist system individuals and corporations own businesses and property

C In a capitalist system business owners who work hard can increase their profits

D In a capitalist system the government decides which goods to produce and sets the price

Question

Laurel Knapp

History

4 July, 01:01

Which statement about capitalist and communist economic systems is correct?

A In a communist system people can work for themselves or a privately owned business

B In a communist system individuals and corporations own businesses and property

C In a capitalist system business owners who work hard can increase their profits

D In a capitalist system the government decides which goods to produce and sets the price

+5

Answers (1)

Know the Answer?

Sally · Answer 1

A In a communist system people can work for themselves or a privately owned business - no, this is false: in a communist system, the businesses are owned by the people, all the people own all the businesses together!

B In a communist system individuals and corporations own businesses and property - false, the people collectively own it!

C In a capitalist system business owners who work hard can increase their profits - this is the correct answer!

D In a capitalist system the government decides which goods to produce and sets the price - false, the government does not intervene!