Which of the following statements is not one of the factors leading to the Russian economy transitioning toward capitalism?
A) allowing private ownership of factors of production
B) ability for individuals to earn profits
C) allowing supply and demand to set higher prices for basic consumer goods
D) restrictive regulations and licensing requirements for businesses

Question

Quizplus · Accepted Answer

Restrictive regulations and licensing requirements for businesses would hinder the transition toward capitalism, as it limits the ability of individuals to freely establish and operate their own businesses. The other three factors listed are key components of a capitalist economy.

Which of the Following Statements Is Not One of the Factors