The economic system in which resources are privately owned dis known as? by Sunday | May 26 | Economics WAEC | 0 comments A. Capitalism B. Socialism C. communism D. unitarism Correct Answer: Option A A. Capitalism Users Also Read These:Which of the following is NOT an internal…Whatever form an economic system may take, the…The process of taking over the management and…Government-owned companies operating in the economic…The economic system which relies mainly on the price…