Question

What is best described by this statement:

"While private individuals technically own the factors of production, it is the government that oversees (through planners) the allocation of resources and makes economic decisions"?

A: communism

B: capitalism

C: traditional economy

D: socialism

Answer 1

Socialism

Explanation: Study guide says so?

Answer 2

B.Capitalism

Step-by-step explanation:

In terms of private individuals, everything is in option B,