The free-market system is also called ________.

Question

Quizplus · Accepted Answer

The free-market system is also known as capitalism, in which the means of production are privately owned and operated for profit without significant government intervention. Volunteerism refers to the practice of volunteering one's time or resources without compensation. Socialism is a system in which the means of production are owned and controlled by the state or the community as a whole. Dogmatism refers to the tendency to hold onto a belief or doctrine without considering evidence or opposing views.

The Free-Market System Is Also Called ________