Question

Common feature of the economic systems in the United States and Canada is that both —

Group of answer choices


allow people to own private property


restrict factory ownership to the government


place a salary cap on business leaders’ earnings


use government quotas

Answer 1

Allow people to own private property

Explanation:

The economic system in the two countries is a market-oriented economy. In this system the government allows companies, prices and production of goods to be controlled by the natural demand of goods and services. In this case, a person can have a private property such as his/her own company.

Answer choice B is incorrect because for example; a person can own a factory as a business. No restricts as long as the required guidelines are observed.

Answer choice C & D are not correct because there is no government interference in this system of economy.