Question

_________ is the name of a free-market economic system in which most of the factors of production and distribution—such as land, factories, railroads, and stores—are owned by individuals.

(A) Communism
(B) Capitalism
(C) Marginalism
(D) Socialism

Answer 1

(B) Capitalism

Step-by-step explanation:

Capitalism is the free-market economic system where private entities or individuals own most of the factors of production and distribution, including capital goods, natural resources and labor force. Capitalism is the most common macro-economic system in the western hemisphere, it is a competition-driven system where people seek to optimize and increase production as a mean to accumulate capital.

Answer 2

The correct answer is letter "B": Capitalism.

Step-by-step explanation:

Capitalism is an economic system in which the free market alone controls the production of goods and services. Its key features include open competition, the profit motive of producers, and private ownership of property. Capitalism stands in the right contrast to government-controlled economies, where production and prices are set by a central decision-making body.