In a capitalist system, the decisions and actions of millions of consumers and firms are highly coordinated by

A) the state governments.
B) markets and prices.
C) a central planning agency.
D) an international organization.

Capitalist System

An economic system where private individuals or businesses own capital goods and the production of goods and services is based on supply and demand in the market.

Central Planning

An economic system in which decisions about production, investment, and distribution are made by a central authority, often the government.