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

what 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.

what 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 common. People have the freedom to pursue self - interests. Supply and demand drive production decisions. The government generally does not set prices and wages, 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.