A system in which individual citizens control the means of production and the government has little control is called a ________ economy.
A. Capitalist
B. Command
C. Traditional

Capitalism refers to an economic system in which a society's means of production are held by private individuals or organizations, not the government, and where products, prices, and the distribution of goods are determined mainly by competition in a free market.

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mahak08 mahak08 · Answer 2 · 2022-07-25T16:26:18+02:00

In a capitalist economy, private individuals or groups rather than the government control the means of production, and market competition is the primary influence on the creation of commodities, their prices, and their distribution.

Therefore, Option A, capitalism, is the correct response to the blank.

What is Economic capitalism?

According to a popular understanding, capitalism is an economic system in which individual actors own and control property according to their interests and where supply and demand freely set market prices in a way that benefits society.

The essential quality of capitalism is the desire to make a profit.

To get information about capitalism refers to the link:

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A system in which individual citizens control the means of production and the government has little control is called a ________ economy. A. Capitalist B. Command C. Traditional

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What is Economic capitalism?

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A system in which individual citizens control the means of production and the government has little control is called a ________ economy.
A. Capitalist
B. Command
C. Traditional