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What economic system is controlled by private owners with little government influence?

2 Answers

1 vote

Answer:capitalism

Step-by-step explanation:

User Danprice
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Answer:

Capitalism is the economic system which is controlled by private owners with little government influence.

Explanation:

Capitalism is a system where capital is governed by businessmen or private individuals. Such economy is known as market economy in which supply and demand influence the production of products, services and goods .

It is a result of laissez-faire policy in which business owner are free to form policies without the red tapping by the government in order to increase their profit.

User Jordan Silva
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