Which two of the following are features of a capitalist market system? Private citizens own the means of production. Essential i

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Which two of the following are features of a capitalist market system? Private citizens own the means of production. Essential i

ndustries have no domestic competition. Custom and tradition determine how resources are used. A central agency controls prices and allocates resources. Business owners decide what goods and services to produce.

Social Studies

1 answer:

Pachacha [2.7K] · Answer 1 · 2023-10-01T05:50:48+03:00

Two features of a capitalist market system include:

Private citizens own the means of production.
Business owners decide what goods and services to produce.

<h3>What happens in a Market system?</h3>

In the capitalist market system, the owners of the means of production are private citizens.

As a result, it is these individuals that set up businesses and then decide what goods and services they will produce based on the means of production owned.

Find out more on the Market System at brainly.com/question/1659498.

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