The economic system that includes private ownership of most resources and the coordination of economic activity by price signals generated by market forces is
A)capitalism
B)socialism
C)communism
D)mercantilism
E)progressivism

Question

Quizplus · Accepted Answer

The economic system described is characteristic of capitalism, which is characterized by private ownership of resources and the coordination of economic activity by the market forces of supply and demand.

The Economic System That Includes Private Ownership of Most Resources