Rochester, an Asian country, follows an economic system that facilitates private ownership. The country's economy is based on economic freedom and fair competition. Given this information, the economic system followed by Rochester is _____.

Question

Quizplus · Accepted Answer

Capitalism is an economic system characterized by private ownership, economic freedom, and fair competition, which aligns with the description of Rochester's economic system.

Rochester, an Asian Country, Follows an Economic System That Facilitates