Question

31)Private property and competition between businesses are common in

economies that are
(Help me plss)
A)socialist
B)communist
C)capitalist

Answer 1

C)capitalist

Step-by-step explanation:

Market economies and mixed economies can be described as capitalist economies. In capitalist economies, private individuals and firms own the factors of production or capital goods. The private sector produces goods and services consumed in the economy. The motive for producing the goods is the private sector's self-interest or profits.

The free enterprise market is the purest form of a capitalist economy. Capitalist economies contrast with socialists economies where ownership of capital goods is in the government's hands.