Which statement about capitalist and communist economic systems is correct?

A In a communist system people can work for themselves or a privately owned business

B In a communist system individuals and corporations own businesses and property

C In a capitalist system business owners who work hard can increase their profits

D In a capitalist system the government decides which goods to produce and sets the price

Question

18-11-2015
History

Answered

Which statement about capitalist and communist economic systems is correct?

A In a communist system people can work for themselves or a privately owned business

B In a communist system individuals and corporations own businesses and property

C In a capitalist system business owners who work hard can increase their profits

D In a capitalist system the government decides which goods to produce and sets the price

Verified Answer :

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WorldCitizen WorldCitizen · Answer 1 · 2015-11-18T06:31:15-05:00

A In a communist system people can work for themselves or a privately owned business - no, this is false: in a communist system, the businesses are owned by the people, all the people own all the businesses together!

B In a communist system individuals and corporations own businesses and property - false, the people collectively own it!

C In a capitalist system business owners who work hard can increase their profits - this is the correct answer!

D In a capitalist system the government decides which goods to produce and sets the price

false, the government does not intervene!

coltenf0806 coltenf0806 · Answer 2 · 2019-03-13T15:21:43-04:00

coltenf0806 coltenf0806

13-03-2019

So the answer is C every on

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