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One form of a market economy is characterized by privately-owned businesses engaged in making a profit. What type of economy is this? A. socialist B. capitalist C. planned D. gi…

One form of a market economy is characterized by privately-owned businesses engaged in making a profit. What type of economy is this? A. socialist B. capitalist C. planned D. gi…
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1 vote
One form of a market economy is characterized by privately-owned businesses engaged in making a profit. What type of economy is this?

A. socialist
B. capitalist
C. planned
D. gift

asked
User Robscure
by
7.9k points

2 Answers

4 votes

Answer:

capitalist

Explanation:

answered
User Brent Heigold
by
8.4k points
4 votes
B. capitalism

capitalism is an economic system characterized by private ownership of the means of production, especially in the industrial sector.
answered
User Sshaw
by
7.9k points
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