Question

In which one of the following types of economy are the factors of production owned individually?
(a) Capitalist
(b) Mixed
(c) Socialist
(d) None

Answer 1

Answer:

a) Capitalist

Explanation:

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.

Answer 2

Answer:

IT'S CAPITALIST

HOPE IT IS CLEAR!!