Quèstion 12 in capitalism individuals and firms do their own self-interest without any government direction or regulation True O False

ENGR.ECONOMIC ANALYSIS
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Quèstion 12
in capitalism individuals and firms do their own self-interest without any government direction or regulation
True
O False
Transcribed Image Text:Quèstion 12 in capitalism individuals and firms do their own self-interest without any government direction or regulation True O False
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Capitalism is an economic system under which private actors own and control property in accord with their interests.

 Demand and supply freely move and set prices in markets in a way that can serve the best interests of society. The major characteristic of capitalism is the motive to make a profit.

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