asked 159k views
1 vote
In which type of economic system does government play the smallest role?

Communism
Socialism
Mixed economy
Capitalism

2 Answers

2 votes

Socialism is the type of economic system that plays the smallest role in government.

answered
User Jason Shantz
by
7.3k points
5 votes

Answer:

Government plays the smallest role in Capitalism.

Step-by-step explanation:

Capitalism is an economic system in which wealth and means of production are privately owned. In a capitalist system, individuals, either alone or with others, own, operate and trade real estate, labor and capital. Investment, distribution, revenue, production, pricing and supply of goods and services are determined by independent voluntary private decisions in a market economy. One characteristic of capitalism is that each individual owns his or her own working capacity and can therefore sell it to employers. In this context, "privately owned" would mean something that is not owned or controlled by the state and run for profit.

answered
User Amit Thakkar
by
9.0k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.