QUESTION IMAGE
Question
______ is the name of a free - market economic system in w ch most factors of production and distribution - such as land, factories, railroads, a d stores - are owned by individuals.
socialism
capitalism
communism
collectivism
question 25 (1 point)
which st tement is accurate about capitalism?
most means of production and distribution are privately owned and operated for profit.
the primary function of the government is to distribute wealth more evenly.
utilities, health care, education, and other important services are operated by the government.
markets operate to carry out the decisions made by central planners.
question 26 (1 point)
the freedom of people to decide where they want to work and live, and what they want to buy or sell, are basic capitalist rights under
Capitalism is an economic system where private individuals own the means of production (like land, factories) and operate for profit. Socialism involves more state - control and wealth redistribution. Communism aims for collective ownership with no private property in the means of production. Collectivism emphasizes group over individual. For the statement about capitalism, the key is that in capitalism, most means of production and distribution are privately owned and operated for profit. The other options describe more socialist or communist - like features (e.g., government - run services, wealth distribution by government, central planning).
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For the first question: B. Capitalism.
For Question 25: A. Most means of production and distribution are privately owned and operated for profit.