AlmedaTrudeau
Answered

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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.


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