Ask Question
28 April, 04:49

Who owns the means of production, resources, and businesses in a capitalist economy?

+1
Answers (1)
  1. 28 April, 05:14
    0
    The means of production, resources, and businesses in a capitalist economy are based on the private ownership (as opposed to public ownership). Private ownership is a basic characteristic of Capitalism, together with the notion of market economy, in which the economic decissions are made following the trends of supply and demand.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Who owns the means of production, resources, and businesses in a capitalist economy? ...” in 📗 History if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers