Which of the following best describes capitalism A. An economic system in which individuals or corporations, rather than the government, control factors of production B. An economic system in which the government controls all factors of production. C. An economic system in which every laborer is compensated equally, despite the type of job they are completing. D. An economic system in which only services are profitable because the cost of producing a goods is too expensive.

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Jocelyn Ferrell

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19 May, 19:53

Which of the following best describes capitalism A. An economic system in which individuals or corporations, rather than the government, control factors of production B. An economic system in which the government controls all factors of production. C. An economic system in which every laborer is compensated equally, despite the type of job they are completing. D. An economic system in which only services are profitable because the cost of producing a goods is too expensive.

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Antwan Cooke · Answer 1

The major difference between capitalism and other systems is that in capitalism people can sell and buy propriety without the total interference of the government. In socialism and communism, for example, the factors of productions are in the hands of the state, which means monopoly (how is described by the alternative b). The answer is, then, letter A.