paolacruzh2020 paolacruzh2020
  • 15-04-2020
  • Social Studies
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Does the United States today seem to portray more qualities of a socialist or capitalistic economic system? Explication why?

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pandaperson379
pandaperson379 pandaperson379
  • 24-04-2020

Answer:

SummaryTypesOwnershipManagementGovernanceExamples

Capitalism is an economic system where the means of production are owned by private individuals. \"Means of production\" refers to resources including money and other forms of capital. Under a capitalist economy, the economy runs through individuals who own and operate private companies. Decisions over the use of resources are made by the individual or individuals who own the company.

Explanation:

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