An economic system characterized by private ownership of the factors of production and economic activity coordinated through

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An economic system characterized by private ownership of the factors of production and economic activity coordinated through a system of markets and prices is called:

a. Capitalism.

b. Socialism.

c. Communism.

d. None of the above.

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Survey Of Economics

ISBN: 9780357720806

11th Edition

Authors: Irvin B. Tucker

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Question Posted: Dec 27, 2023 08:44 AM

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An economic system characterized by private ownership of the factors of production and economic activity coordinated through

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Survey Of Economics

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