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Which economic system has a privately owned means of production? A. mixed economy B. command economy C. market economy D. traditional economy

Which economic system has a privately owned means of production? A. mixed economy B. command economy C. market economy D. traditional economy
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2 votes
Which economic system has a privately owned means of production?

A. mixed economy
B. command economy
C. market economy
D. traditional economy

asked
User Mehul Bisht
by
7.9k points

1 Answer

4 votes
I think the answer is C. Market economy.

Market economy is often associated with capitalism, in which the means of production are privately owned, and free-market activities are encouraged.
answered
User Bbx
by
8.5k points
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