Which of the following is part of the basis of a capitalist economic system?
a. competition
c. coordination
b. conflict
d. exchange

The correct answer is letter A

Competition is one of the basis of a capitalist economic system. This type of system is mainly based on private ownership and the means of producing and operating all for profit. Other basis of the capitalist economic system are, price systems, wage labor and voluntary exchange. All investments and major decision making are controlled by private owners while the prices and distribution of goods are determined by competition within a specific market in a particular geographic location.

Egenuity says A.) Competition ^-^