Ask Question
13 September, 03:40

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

+3
Answers (1)
  1. 13 September, 05:53
    0
    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!
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which statement about capitalist and communist economic systems is correct? A In a communist system people can work for themselves or a ...” in 📙 History if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers