Question
Explain how capitalism deals with the factors of production.
A. In capitalism the factors of production are privately owned.
B. In capitalism the factors of production are owned by the government.
C In capitalism the factors of production are owned by the ruling elite.
D. In capitalism the factors of production are collectively owned by all people in the country.
A. In capitalism the factors of production are privately owned.
B. In capitalism the factors of production are owned by the government.
C In capitalism the factors of production are owned by the ruling elite.
D. In capitalism the factors of production are collectively owned by all people in the country.
Answers
GPT 3.5
A. In capitalism, the factors of production are privately owned.