Future Business Leaders of America (FBLA) Agribusiness Practice Test

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In capitalism, who primarily owns the resources?

  1. The government

  2. Collective organizations

  3. Individuals

  4. Non-profit organizations

The correct answer is: Individuals

In a capitalist economic system, individuals primarily own the resources. This system is based on private ownership where individuals have the freedom to control their property, businesses, and investments. This ownership allows them to make decisions regarding the use of their resources, facilitating competition and innovation in the market. The emphasis on individual ownership enables personal initiative and entrepreneurship, driving economic growth and efficiency. In capitalism, individuals operate within a marketplace where they can buy, sell, and trade goods and services, fostering a dynamic economy. The other options represent different types of economic systems or ownership structures. For instance, government ownership is more characteristic of socialism or communism, while collective organizations and non-profit organizations operate under different principles that do not focus primarily on individual ownership of resources.

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