Can you own a private business in a capitalist country?

In practice, however, Sweden is not strictly socialist, and the United States is not strictly ... system where the means of production are owned by private individuals. ... Under a capitalist economy, the economy runs through individuals who own and ... Corporations can sue and be sued; they can buy and sell property

Explanation:

Under a capitalist economy, the economy runs through individuals who own and operate private companies. Decisions over the use of resources are made by the individual or individuals who own the company. In a theoretical capitalist society, companies that incorporate are treated by the same laws as individuals.

i think it’s a i hope that right : )

the outcome of 1970 oil crisis in united states was that, they began to search ways on how to reduce oil.

in 1970 was a period when there were energy and oil crisis. those who were major centers for industrialization were forced to keep way from supplying of petroleum.

some of the result of this crisis was economic growth became stagnant because prices of oil surged.

due to the increased prices some countries like mexico and norway benefited.