which economic system is based on the private ownership of the factors of production?\no socialism\no…

which economic system is based on the private ownership of the factors of production?\no socialism\no communism\no democracy\no capitalism

which economic system is based on the private ownership of the factors of production?\no socialism\no communism\no democracy\no capitalism

Answer

Brief Explanations:

In capitalism, factors of production like land, labor, capital are privately - owned. Socialism and communism emphasize collective or state - ownership of production factors. Democracy is a political system, not an economic one.

Answer:

D. capitalism