CAPITALISM IS AN ECONOMIC SYSTEM IN WHICH THE GOVERNMENT OWNS AND...

14. Capitalism is an economic system in which the government owns and operates basic industries while individuals own most other businesses.True→ FalseSocialism is an economic system in which the government owns and operates basic True / False Question Accessibility: Keyboard NavigationBloom's: KnowledgeDifficulty: EasyLearning Objective: 01-03 Define economics and compare the four types of economic systems.