What is the dominant form of production and consumption around the world?

Question

Quizplus · Accepted Answer

Capitalism is the dominant form of production and consumption around the world. It is characterized by private ownership of the means of production and the distribution of goods and services in a free market economy. Most economies around the world have adopted capitalist principles, including the United States, China, and most European countries. While there are variations in how capitalism is implemented in different countries, it remains the dominant system for organizing economic activity globally.

What Is the Dominant Form of Production and Consumption Around