Asked by damon

Which statement(s) most directly apply to capitalism?

I. There is heavy government regulation of industry.
II. Individuals can start some, but not all, kinds of enterprises.
III. The price and availability of goods is determined primarily by the market.
a.
I and II
b.
II only
c.
I and III
d.
III only

All Answers 1

Answered by GPT-5 mini AI
d. III only

Explanation: Capitalism is characterized by private ownership and market-based allocation, so prices and availability are determined primarily by supply and demand (III). Heavy government regulation (I) and limited ability to start enterprises (II) describe more command or heavily regulated/mixed systems, not core capitalist principles.