Under capitalism,
A) most of the means of production and distribution are privately owned and operated for profit.
B) the primary function of the government is to distribute wealth more evenly.
C) utilities, health care, education, and other important services are operated by the government.
D) markets operate to carry out the decisions made by central planners.

Question

Quizplus · Accepted Answer

Under capitalism, the means of production and distribution are typically privately owned and operated for profit. This means that businesses and individuals own and control property and resources, and can use them to produce goods and services that meet consumer demand in exchange for profit. The market forces of supply and demand determine prices and quantities, rather than central planning by the government.

Under Capitalism