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 ^-^

can you explain it better

muslims have taken his goods and products to different parts of asia an indonesia. sometimes just traveled and trade, but in other occasions, stayed in the place and made a living.

trade was the key for muslims economies to prosper. their commerce routes reached far places like malaysia and java in the 11th century.

another important factor for prosperity was that muslim states served as the middle point for european traders.

they used to travel by land but sailing the seas -the indian ocean- really increase the exportation of products.