_____ is also known as a market-based economy because it is regulated by the market forces of supply and demand.
A) Mercantilism
B) Communism
C) Capitalism
D) Socialism

Question

Quizplus · Accepted Answer

Capitalism is known as a market-based economy because it relies on the forces of supply and demand to regulate prices, production, and distribution of goods, without significant intervention from the government.

_____ Is Also Known as a Market-Based Economy Because It