The fictional country of Gameland has the following characteristics: its citizens are privately owning all resources;the resources are guided to their most productive use through market prices;goods and services are channeled to consumers who value them the most;and there is no central authority to protect property rights or enforces contracts.The economic system in Gameland is most likely:

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Quizplus · Accepted Answer

The characteristics of Gameland describe a pure capitalist system where private ownership and market prices guide resource allocation and distribution of goods and services. There is no central authority to intervene in the market, which is characteristic of a capitalist economy.

The Fictional Country of Gameland Has the Following Characteristics: Its