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14 October, 23:04

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

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  1. 15 October, 00:22
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    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!
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