70.7k views
2 votes
Which economic system is defined by a free market and private ownership?

A. socialism
B. communism
C.capitalism
D.mercantilism

1 Answer

6 votes
This is capitalism: the usual definitions of capitalism that I read actually always include the phrases"free market" and "private ownership". (however, in practice very few countries are capitalist, most have a mixed economy with for example health care being partially controlled by the government.
User Jerome Li
by
8.2k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.