_________ is an economic system in which individuals own and operate the majority of business that provide goods and services. Socialism Communism Capitalism A mixed economy Assessment question Which of the following is not true according to Adam Smith's capitalism? The creation of wealth is the concern of private individuals, not the government. Economic freedom ensures the existence of competitive markets that allow both sellers and buyers to enter and leave the market as they choose. The role of government should be limited to providing defense against foreign enemies, ensuring internal order, and furnishing public works and education. Government should own private property and the resources used to create wealth. Assessment question In a communist society, the government determines "who gets what" based on _______. contribution wealth need ability Assessment question According to select answer , an individual's personal gain benefits others and a nation's economy