AlmedaTrudeau
Answered

Discover the answers you need at Westonci.ca, where experts provide clear and concise information on various topics. Experience the ease of finding reliable answers to your questions from a vast community of knowledgeable experts. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

What is another term for a market economic system? ~communism ~feudalism ~socialism ~capitalism

Sagot :

Another name for market economic system is capitalism.
saadhussain514

Correct answer choice is :


D) Capitalism


Explanation:


A market economy is an economic system in which financial judgments and the pricing of goods and services are managed individually by the aggregate communications of a country's individual residents and businesses. There is small government interference or central plan. Competition starts to performance because businesses that have fewer costs are more ambitious and make more money. Reform is supported because it gives a competitive edge and enhances the chance for wealth.


Thank you for visiting our platform. We hope you found the answers you were looking for. Come back anytime you need more information. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.