The economic system that has led to wealth creation in most of the world is known as:
A)capitalism
B)communism
C)free-trade
D)all of the choices are correct

Question

Quizplus · Accepted Answer

Capitalism is the economic system that has led to wealth creation in most of the world. It is a system where private individuals or businesses own and control the factors of production and make decisions about how to use them. Capitalism promotes competition and innovation, which leads to economic growth and development. Communism and free-trade have not been as successful in generating wealth as capitalism.

The Economic System That Has Led to Wealth Creation in Most