Which of the following best describes a society that uses pure capitalism as its economic system? Which of the following best describes a society that uses pure capitalism as its economic system? Individuals own businesses and factors of production The government owns many basic businesses and provides more services The government makes economic decisions and owns factors of production Individuals do not own any businesses or factors of productionWhen price of a product increases, what does the Law of Supply state will happen to quantity supplied? When price of a product increases, what does the Law of Supply state will happen to quantity supplied? Increase Decrease Stay the same Go to zero