Question

The Capitalist system is characterised by ___________ of means of production.

• A. social ownership
• B. state ownership
• C. private ownership
• D. all of the above

Answer 1

Answer: (C)

private ownership

1. The capital system is characterized by the private ownership of the means of production as the individuals and the business control it.

2. There are no regulations imposed by the government.

3. The market operates freely and the demand is matched by the equal level of supply.