which statement explains capitalism ?

A: the government owns and controls all property.

B: the means production are owned by all the people.

C: the means of production are controlled by individuals, not the government.

D: the prices of products and allocation of resources are determined by market forces.

the answer is C. the means of production are controlled by individuals, not the government. because it is controlled by private owners for profit, rather than by the state.

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kanikabajaj294 kanikabajaj294 · Answer 2 · 2022-06-11T09:45:55+02:00

The statement that explains capitalism is the means of production that are controlled by individuals, not the government.

What is Capitalism?

Capitalism is one of the economic systems that operate under the profit motive.

The statement that best explains capitalism is the means of production are controlled by individuals, not the government. It requires private ownership of the major means of production.

Therefore, C is the correct option.

Learn more about Capitalism here:

https://brainly.com/question/20931381

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