Question

a capitalist economy is also known as
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Answer 1

Explanation:

What is capitalism economy also known as?

In a capitalist economic system, the means of production are owned and operated by private individuals whose main object is to maximize profits. Free enterprise, competition, and private ownership of property are the important features of capitalist system. Capitalism is also known as Free enterprise economy or Free market economy.

Answer 2

Capitalism is an economic system in which private individuals or businesses own capital goods. The production of goods and services is based on supply and demand in the general market—known as a market economy—rather than through central planning—known as a planned economy or command economy.