Answer :
In a capitalist system, most economic activity is controlled by:
a. Private individuals and corporations
Explanation:
1. In a capitalist system, private individuals and corporations play a significant role in controlling economic activities.
2. Private individuals have the freedom to own property, make business decisions, and engage in trade based on their own interests.
3. Corporations, as legal entities, are formed by individuals to conduct business activities, produce goods or services, and generate profit.
4. Through competition and market forces, private individuals and corporations drive economic growth, innovation, and efficiency in a capitalist economy.
5. Unlike in government-controlled systems (like socialism or communism), where central planners or agencies dictate economic decisions, in capitalism, individuals and businesses make choices based on supply, demand, and profit motives.
a. Private individuals and corporations
Explanation:
1. In a capitalist system, private individuals and corporations play a significant role in controlling economic activities.
2. Private individuals have the freedom to own property, make business decisions, and engage in trade based on their own interests.
3. Corporations, as legal entities, are formed by individuals to conduct business activities, produce goods or services, and generate profit.
4. Through competition and market forces, private individuals and corporations drive economic growth, innovation, and efficiency in a capitalist economy.
5. Unlike in government-controlled systems (like socialism or communism), where central planners or agencies dictate economic decisions, in capitalism, individuals and businesses make choices based on supply, demand, and profit motives.
