capitalism\nwhat are the characteristics of capitalism? select all that apply.\nthe government sets prices…

capitalism\nwhat are the characteristics of capitalism? select all that apply.\nthe government sets prices and wages.\nfarms and factories are owned by private individuals.\npeople are free to pursue their own self - interests.\nsupply and demand determine which goods, and how many, are produced.\nit is favored by philosopher karl marx.

capitalism\nwhat are the characteristics of capitalism? select all that apply.\nthe government sets prices and wages.\nfarms and factories are owned by private individuals.\npeople are free to pursue their own self - interests.\nsupply and demand determine which goods, and how many, are produced.\nit is favored by philosopher karl marx.

Answer

Brief Explanations:

In capitalism, private - ownership of means of production (like farms and factories by private individuals) is a key feature. People can pursue self - interests freely, and supply and demand drive production decisions. The government generally does not set prices and wages in a pure capitalist system, and Karl Marx was a critic of capitalism.

Answer:

B. Farms and factories are owned by private individuals. C. People are free to pursue their own self - interests. D. Supply and demand determine which goods, and how many, are produced.