Which of these statements does NOT accurately describe the economic system: CAPITALISM.
This economic system revolves around private property. Products and services
are provided by individuals who sell on the open market based on supply and
demand.
Definition: an economic system in which the state (government) gains control
over the means of production such as land and natural resources
This economic system follows the concept of "laissez-faire" meaning: "there should
be NO government laws for businesses, so that businesses can make their own decisions about what
prices to charge, what to pay workers, what products to makelsell, etc."