The economic system that has led to wealth creation in most of the world is known as:
A)free-trade
B)socialism
C)communism
D)capitalism

Question

Quizplus · Accepted Answer

Capitalism, also known as the free market system, is the economic system that has led to wealth creation in most of the world. It is characterized by private ownership of resources and the use of markets and prices to coordinate economic activity. Individuals and businesses are free to produce and trade goods and services with little government intervention. This system has allowed for innovation, competition, and investment, which has led to economic growth and increased living standards in many countries.

The Economic System That Has Led to Wealth Creation in Most