The private ownership of resources and use of a system of market and prices to coordinate and direct economic activity________________?
Correct answer: B. Both
- A. Pure capitalism
- B. Both
- C. Iaissez faire capital
- D. None
Explanation
Pure capitalism, also called laissez-faire capitalism, is based on private ownership and market prices coordinating economic activity. Since options A and B describe the same system, “both” is the appropriate choice.
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