Which of the following best describes the economic system known as capitalism?

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An economic model relying on government control over production resourcesA system that began in the United States during the 1800sAn arrangement where private individuals own capital and make profit-driven choicesThe primary system in emerging economies throughout the 19th century

Explanation

Capitalism is characterized by private ownership of capital, where individuals or businesses make decisions motivated by profit, rather than government control or origins tied to a specific country or dominance in developing economies.