An economic system in which most capital goods are owned by individuals and private firms is known as?

By: |Published on: Aug 8|Categories: Economics WAEC| 0 comments

A. Mixed economy
B. Planned economy
C. Capitalist economy
D. Traditional economy
E. Civilized economy

Correct Answer:

Option C – Capitalist economy

Users Also Read These:

SEE ALSO  The type of business finance that entitles the holder to a fixed rate of dividend is?

Copyright warnings! Do not copy.