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What is best described by this statement: "While private individuals technically own the factors of production, it is the government that oversees (through planners) the allocation of resources and makes
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36 votes
36 votes
What is best described by this statement:

"While private individuals technically own the factors of production, it is the government that oversees (through planners) the allocation of resources and makes economic decisions"?

A: communism

B: capitalism

C: traditional economy

D: socialism

User Heberda
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2 Answers

18 votes
18 votes

Answer:

Socialism

Explanation: Study guide says so?

User Paxenos
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3.2k points
20 votes
20 votes

Answer:

B.Capitalism

Step-by-step explanation:

In terms of private individuals, everything is in option B,

User Woyaru
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2.5k points
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