Another term for capitalism is the:
A) command system.
B) socialist economy.
C) market system.
D) system of inputs and outputs.

Question

Quizplus · Accepted Answer

Capitalism is often described as the market system, referring to the role of free markets in determining prices, allocation of resources, and distribution of goods and services. Option A refers to a centrally planned economy, while option B refers to a system in which the means of production are collectively owned and controlled by the workers or the state. Option D is not a commonly used term to describe economic systems.

Another Term for Capitalism Is The