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An economic system wherein individuals and corporations own the means of production and work to earn a profit for themselves is called A. a monopoly. B. a capitalist system. C. a socialist system. D. a communist system.
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Asked 11/3/2013 8:02:32 AM
Updated 11/3/2013 8:34:38 AM
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User: An economic system wherein individuals and corporations own the means of production and work to earn a profit for themselves is called A. a monopoly. B. a capitalist system. C. a socialist system. D. a communist system.

Weegy: User: An economic system wherein individuals and corporations own the means of production and work to earn a profit for themselves is called C. a socialist system.
Grasscarp|Points 309|

User: Which of the following is true of the federal budget? A. It is a joint process of the executive branch and Congress. B. The federal budget impacts states, but has very little effect on individuals. C. The government is required to have a balanced budget every year. D. All of the above.

Question
Asked 11/3/2013 8:02:32 AM
Updated 11/3/2013 8:34:38 AM
1 Answer/Comment
This conversation has been flagged as incorrect.
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An economic system wherein individuals and corporations own the means of production and work to earn a profit for themselves is called B. a CAPITALIST system.
Added 11/3/2013 8:34:38 AM
This answer has been confirmed as correct and helpful.
Confirmed by selymi [7/6/2015 1:44:36 AM]
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