GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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what is a capitalist economy?
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an economic system in which private individuals or businesses own capital goods
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an economy directed to basic subsistence rather then to the market
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type of economic system where investment, production and the allocation of capital goods take place
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None of the above
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Explanation:
Detailed explanation-1: -Capitalism is often thought of as an economic system in which private actors own and control property in accord with their interests, and demand and supply freely set prices in markets in a way that can serve the best interests of society. The essential feature of capitalism is the motive to make a profit.
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