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Who owns the resources in capitalism? (4 points) a Individuals b Military leaders c The common people d The government
In laissez-faire capitalism, private individuals or firms own economic resources and control their use. Voluntary trade is the mechanism that drives activity in a capitalist system. The owners of resources compete with one another over consumers, who in turn, compete with other consumers over goods and services
Explanation: In a capitalist economy, property and businesses are owned and controlled by individuals. In a socialist economy, the state owns and manages the vital means of production.
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