Home » Economics » An economic system in which most capital goods are owned by individuals and private firms…An economic system in which most capital goods are owned by individuals and private firms… An economic system in which most capital goods are owned by individuals and private firms is known as A. Mixed economy B. Planned economy C. Capitalist economy D. Traditional economy E. Civilized economy Correct Answer: Option C Explanation Related Posts Fiscal policy involves changes in? The profit of a monopolist can be eliminated where price equals What is the term used to describe a policy aimed at promoting the local production… Occupational mobility as applied to factors of production means the ease by which Crude petroleum is a good example of a? Opportunity cost is best defined as?
