What is a characteristic of capitalism? The amount of goods produced is determined by the national government. The main job of b

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What is a characteristic of capitalism? The amount of goods produced is determined by the national government. The main job of b

usinesses is to make sure the economy is equal for all people. The price of goods is determined by what the least wealthy person can pay. The price of goods is determined by how many exist and the number of people who want them.

Social Studies

1 answer:

Rom4ik [11] · Answer 1 · 2023-01-18T16:29:15+03:00

A characteristic of capitalism is that the price of goods is determined by how many exist and the number of people who want them.

Capitalism can be described as the private ownership of the means of production.

The capitalist is the one who is responsible for fixing the prices of his goods and his services.

The characteristics include:

Private ownership
Capital accumulation
Wage labor
Price system.

The last option is correct because the capitalist is the one who fixes his price.