Question

In capitalist economies, prices are

A) usually unfair.
B) set by the central government.
C) used to ensure social equality.
D) determined by supply and demand.

Answer 1

The capitalist societies are often contrasted with socialist societies, where the economy is planned by the government (also called: centrally planned).

In capitalist societies noone plans the economy, instead it regulates itself by the supply and demand - the correct answer is d). The more demand, the more expensive the goods, but the bigger the supply, the cheaper the goods!

Answer 2

Correct answer choice is :

D) Determined by supply and demand.

Step-by-step explanation:

Capitalism is a financial policy in which center assets are controlled by separate individuals or corporations. The stock of goods and services is based on quantity and need in the global business, preferably than over fundamental planning. The real form of economics is free business or malaise-fare capitalism, in which separate individuals are totally unrepresented in deciding where to spend, what to manufacture or trade and at which prices to trade goods and services, working without limits or restraints.