ScarlettFarra200 ScarlettFarra200

01-02-2016
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A country has a capitalist economy. Which of the following statements applies to it?

ACompanies compete with each other for business.
BEmployees are told what jobs they will be allowed to perform.
CThe government owns and controls all major industries.
DThe government distributes food and clothing to citizens equally

Verified Answer :

InvincibleLogic InvincibleLogic

01-02-2016

ACompanies compete with each other for business

All of the other answers can be safely eliminated since they are more characteristic of a socialist economy. Answer choice A also makes sense, considering that private companies in capitalist countries like the United States compete with each other for business all the time.

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