The correct answer is False (F)
Explanation:
Capitalism refers to an economic system that depends on the private ownership of industry and trade, this means capitalism implies individuals own factories, enterprises or companies and trade different products or services. Besides this, capitalism allows individuals to profit through capital accumulation, work or by owning goods. Additionally, capitalism is considered as a free market that means the market and the system is not established but determined by the free trade and the consumer. Due to this, capitalism is not an example of a planned economy because individuals determine the way it works through consumers preferences and products traded, also the owners of private property and profit are not established and there are few interventions for the government, which made this system a flexible and dynamic system.
