select the correct answer. which economic system is defined by a free market and private ownership? a…

select the correct answer. which economic system is defined by a free market and private ownership? a. socialism b. communism c. capitalism d. mercantilism

select the correct answer. which economic system is defined by a free market and private ownership? a. socialism b. communism c. capitalism d. mercantilism

Answer

Brief Explanations:

Capitalism is characterized by a free - market economy where private individuals and businesses own the means of production. Socialism emphasizes collective or state - ownership, communism aims for a classless society with common ownership, and mercantilism focuses on trade surpluses and government control over trade.

Answer:

C. capitalism