Who owns more farms and factories in a capitalist economy A) Private banks B) Private individuals C) State governments D) National governments

B) Private individuals

In a capitalist economy, most of the farms, factories, and other means of production are typically owned by private individuals or businesses rather than banks or government entities. Capitalism is an economic system where the production of goods and services is based on supply and demand within the general market (the market economy) rather than through central planning (the planned economy). The key feature of capitalism is the private ownership of the means of production, which includes farms and factories.

Extra: In a capitalist society, the role of the state is generally to enforce the rule of law, safeguard private property rights, and ensure that the market is competitive and free from unjust monopolies. There can be variations in how capitalism is practiced, with different balances between public regulation and private ownership, but the core principle remains the ownership and control by private entities. Private banks in capitalism play a significant role in providing financial services, including loans and credit. However, banks typically do not own production facilities like farms and factories; rather, they provide the capital necessary for private individuals and businesses to own and expand these facilities. State and national governments may own certain enterprises for various purposes, and this is referred to as state-owned enterprises (SOEs). The extent of government ownership in different industries can vary greatly depending on the specific economic policies of a country and can exist even within a predominantly capitalist framework. However, widespread state or national government ownership of farms and factories is more characteristic of socialist or communist economies, where the state often controls the means of production.