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What an economy is capitalist and has free markets it can be said that the economy is based on?

What an economy is capitalist and has free markets it can be said that the economy is based on?
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What an economy is capitalist and has free markets it can be said that the economy is based on?

User Nomenator
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The economy you described in your question is called a market economy. It has free markets and the production of goods and services are determined by the consumers.

User NadaNK
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