select the correct answer. under which economic system are businesses privately owned, with the possibility…

select the correct answer. under which economic system are businesses privately owned, with the possibility of profit? a. traditional economy b. command economy c. communist system d. market economy

select the correct answer. under which economic system are businesses privately owned, with the possibility of profit? a. traditional economy b. command economy c. communist system d. market economy

Answer

Brief Explanations:

In a market - economy, businesses are privately owned and profit - making is possible. Traditional economies are based on customs and traditions. Command economies and communist systems have more state - control over businesses and less emphasis on private ownership for profit.

Answer:

D. market economy