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:The economic system in which the state takes the…The economic system which relies mainly on the price…Resources owned and controlled by a business are…Economic growth is different from economic…External dis-economies of scale result from…