An economy in which most output is produced for sale on the market is
A) a feudal economy.
B) a capitalist economy.
C) a communal economy.
D) a socialist economy.

Question

Quizplus · Accepted Answer

A capitalist economy is characterized by a market-based system where most goods and services are produced for sale and profit. In this type of economy, individuals and companies own the means of production and are motivated by profit to produce and sell goods and services.

An Economy in Which Most Output Is Produced for Sale