Question

In a capitalistic system, all the economic activities are controlled and managed by the Government Sector.

true or false​

Answer 1

Answer: True.

Explanation:

Answer 2

A capitalist economy relies on free-markets to determine, price, incomes, wealth and distribution of goods. A socialist economic system is characterised by greater government intervention to re-allocate resources in a more egalitarian way. There are also different aims of the economic systems.