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Which economic system is based on three things: wage labor, private ownership of the means of production and production for exchange and profit? communism capitalism monarchy so…

Which economic system is based on three things: wage labor, private ownership of the means of production and production for exchange and profit? communism capitalism monarchy so…
asked 221k views
3 votes
Which economic system is based on three things: wage labor, private ownership of the means of production and production for exchange and profit?

communism


capitalism


monarchy


socialism

asked
User Vladimir Dyuzhev
by
7.7k points

1 Answer

2 votes
capitalism is the answer
answered
User Melvas
by
7.9k points
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