Practice mode Agriculture

Which economic system has privately owned property resources and uses markets and prices to direct and coordinate economic activity?

Correct answer A. Pure capitalism

Explanation

Under pure capitalism, individuals own resources and decisions about production and distribution are made through free markets and the price mechanism, with minimal government involvement.

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Which economic system has privately owned property resources and uses markets and prices to direct and coordinate economic activity?

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Which economic system has privately owned property resources and uses markets and prices to direct and coordinate economic activity?

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