🎴 Flashcard Mode
Assessing the Role of Economic Systems in Shaping the Global Economy
Card1 / 15
Mastered0
Review0
QuestionClick to flip
Which economic system is characterized by private ownership of the means of production and distribution of goods and services?
AnswerClick to flip back
A
Capitalism
💡 Explanation:
Capitalism is an economic system in which private individuals or businesses own and control the means of production and distribution of goods and services.