An economic system in which most capital goods are owned by individuals and private firms...
ECONOMICS
WAEC 1991
An economic system in which most capital goods are owned by individuals and private firms is known as
- A. Mixed economy
- B. Planned economy
- C. Capitalist economy
- D. Traditional economy
Correct Answer: C. Capitalist economy
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *