match each characteristic with its economic system.\nprices are set by the market.\ncompetition is best for…

match each characteristic with its economic system.\nprices are set by the market.\ncompetition is best for society.\nprices are set by the government.\nworkers share equally in profits.\ncooperation is best for society.\nentrepreneurs deserve profits.\ncapitalism\nsocialism

match each characteristic with its economic system.\nprices are set by the market.\ncompetition is best for society.\nprices are set by the government.\nworkers share equally in profits.\ncooperation is best for society.\nentrepreneurs deserve profits.\ncapitalism\nsocialism

Answer

Answer:

  • Prices are set by the market: Capitalism
  • Competition is best for society: Capitalism
  • Prices are set by the government: Socialism
  • Workers share equally in profits: Socialism
  • Cooperation is best for society: Socialism
  • Entrepreneurs deserve profits: Capitalism

Brief Explanations:

In capitalism, markets determine prices, competition is emphasized, and entrepreneurs can earn profits. In socialism, the government may set prices, workers share profits, and cooperation is valued.