In what way are capitalism and a free-market system similar?

a. They both involve strong governmental controls of pricing.

b. They both rely on a planned economy and educational system.

c. They both are characteristic of undeveloped economies.

d. They both involve private ownership and open exchange.

Question

History

Keyon Mckenzie

28 April, 05:53

In what way are capitalism and a free-market system similar?

a. They both involve strong governmental controls of pricing.

b. They both rely on a planned economy and educational system.

c. They both are characteristic of undeveloped economies.

d. They both involve private ownership and open exchange.

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Answers (2)

Know the Answer?

Stephanie Lee · Answer 1

The main way in which capitalism and a free-market system are similar is that " They both involve private ownership and open exchange" since government oversight is usually minimal.

Mohamed Rollins · Answer 2

A. They both involve strong governmental controls of pricing.

In what way are capitalism and a free-market system similar?a. They both involve strong governmental controls of pricing.b. They both rely on a planned economy and educational system.c. They both are characteristic of undeveloped economies.d. They both involve private ownership and open exchange.