Which statement(s) most directly apply to capitalism? I. There is heavy government regulation of industry. II. Individuals can start some, but not all, kinds of enterprises. III. The price and availability of goods is determined primarily by the market. A. I and II b. II only c. I and III d. III only.

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04-04-2022
Business

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Which statement(s) most directly apply to capitalism? I. There is heavy government regulation of industry. II. Individuals can start some, but not all, kinds of enterprises. III. The price and availability of goods is determined primarily by the market. A. I and II b. II only c. I and III d. III only.

Sagot :

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PriyankapandeyVTidn PriyankapandeyVTidn · Answer 1 · 2022-04-07T06:51:13-04:00

Capitalism refers to private ownership of trade and industries and price of good and services determine by the market.

What do you mean by capitalism?

It is the countries economic and political system where trade, industries and capital goods are owned and controlled by private individuals for profit rather than the government.

The statement that the price and goods availability is determined primarily by the market explains the capitalism.

Therefore, option d aptly describes capitalism.

Learn more about capitalism here:

https://brainly.com/question/26119138

Sagot :

What do you mean by capitalism?

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