In a capitalist economy,
A) the state controls the means of production.
B) the means of production are mostly owned by private individuals.
C) economic decisions are centralized.
D) government officials decide what to produce, how to produce it and who gets it.

Question

Quizplus · Accepted Answer

In a capitalist economy, the means of production are mostly owned by private individuals, who are free to produce and sell goods and services as they see fit. The market system of supply and demand determines prices and production levels, rather than a centralized authority or government control.

In a Capitalist Economy