What is capitalism?
1: A system where the government owns all businesses and resources
2: An economic system in which private individuals own and control property and businesses
3: A system that eliminates market competition
4: An economic structure based solely on barter
Answer
An economic system in which private individuals own and control property and businesses
Explanation
Capitalism is an economic system where private individuals or businesses own and control production, aiming for profit, with minimal government intervention.