Question

A capitalist economy is also called as ____________.

• A. free market economy
• B. command market economy
• C. controlled market economy
• D. regulated market economy

Answer 1

Answer: (A)

free market economy

Capitalism also called free market economy or free enterprises economy. It is an economic system in which private individuals or businesses own capital goods.

The manufacture of goods and services is based on supply and demand in the general market know as a market economy to a certain extent then from side to side central planning known as planned economy or command economy.

The correct option is A.