A capitalistic economy is one in which a central planning agency determines what is produced,when it is produced,who can produce it,and in what quantities it will be produced.

Question

Quizplus · Accepted Answer

A capitalistic economy is one where goods and services are produced and exchanged according to supply and demand, and prices are determined in a free market. There is no central planning agency that controls production and distribution.

A Capitalistic Economy Is One in Which a Central Planning