Which of the following is an economic system in which private individuals and corporations own the means of production and,motivated by the desire for profit;compete in free markets under conditions of limited restraint by government?

Question

Quizplus · Accepted Answer

The description given in the question is that of capitalism, where private ownership of the means of production and profit are the driving forces, and there is limited government intervention in markets. Utilitarianism, socialism, and fascism all have different economic systems and principles.

Which of the Following Is an Economic System in Which