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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 economic decisions"?

A: communism

B: capitalism

C: traditional economy

D: socialism

2 Answers

6 votes

Answer:

Socialism

Explanation: Study guide says so?

User Chad DeShon
by
9.0k points
0 votes

Answer:

B.Capitalism

Step-by-step explanation:

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

User MitchellJ
by
8.4k points
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