Which economic system emphasizes the private ownership of most factors of production?
A) Socialism
B) Communism
C) Capitalism
D) Marxism
E) Federalism

Question

Quizplus · Accepted Answer

Capitalism is an economic system that emphasizes private ownership of most factors of production, including land, capital, and entrepreneurship. In this system, individuals and businesses are free to buy, sell, and produce goods and services for their own benefit, with limited government intervention.

Which Economic System Emphasizes the Private Ownership of Most Factors