Danny is a citizen of Finiz, a North American country. He is able to run his handicraft business without any intervention from the government because Finiz has an economic system that encourages private ownership. He is able to make independent decisions for his business and has the freedom to decide the prices of his products. In this scenario, Finiz most likely has a _____.
A) socialist economy
B) totalitarian economy
C) capitalist economy
D) communist economy

Question

Quizplus · Accepted Answer

Finiz most likely has a capitalist economy, as it encourages private ownership and allows individuals to make independent business decisions without government intervention.

Danny Is a Citizen of Finiz, a North American Country