Question

1. an economic system answers the questions: who owns ________, who makes ______, and who earns ________?

capitalism

1. capitalism is based on ________ ownership and ________.

Explanation:

Question 23

In an economic system, the key questions revolve around resources (who owns the resources), production (who makes the goods and services), and distribution (who earns the income from the produced goods/services). So the blanks are typically filled with "the resources", "the decisions (or goods and services)", and "the income" (or similar economic concepts related to ownership, production, and earnings).

Capitalism is based on private ownership (of property, means of production, etc.) and free enterprise (or free market, where economic activities are driven by private individuals/companies with minimal government intervention, and competition is a key factor).

Answer:

Who owns \(\boldsymbol{\text{the resources}}\), who makes \(\boldsymbol{\text{goods and services}}\), and who earns \(\boldsymbol{\text{income}}\) (or other appropriate economic terms for each blank, e.g., "the means of production" for the first, "production decisions" for the second, "profits/wealth" for the third depending on context)

Question 24