In a ______ economy,the allocation of resources is governed by voluntary trading among businesses and consumers.
A) capitalist
B) communist
C) socialist
D) traditional

Question

Quizplus · Accepted Answer

In a capitalist economy, the allocation of resources is determined by the demands and desires of consumers and the supply and competition among producers. Businesses and consumers engage in voluntary trading without any government intervention or control.

In a ______ Economy,the Allocation of Resources Is Governed by Voluntary