savannahbca savannahbca

13-02-2020
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What term describes an economic system in which private citizens own and use the factors of production for economic
gain?
A)socialista
B)capitalism
C)collectivism
D)mercantilism

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cattown234buisness cattown234buisness

13-02-2020

Answer:capitalism

Explanation:A market economy is often described as being based on capitalism—an economic system where private citizens own and use the factors of production for their own profit or gain. ... A market economy has a high degree of individual freedom

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jajanewman05 jajanewman05

13-02-2020

My answer is b
I hope this helps

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