Question

What are the characteristics of capitalism? Select all that apply.

• The government sets prices and wages.
• Farms and factories are owned by private individuals.
© People are free to pursue their own self-interests.
• Supply and demand determine which goods, and how many, are produced.
• It is favored by philosopher Karl Marx.

Answer 1

The Answer is 2, 3 and 4 or in other words:

2) Farms and factories are owned by private individuals.

3) People are free to pursue their own self-interests.

4) Supply and demand determine which goods, and how many, are produced.