A system where private businesses make economic decisions regarding investment decisions, production decisions and distribution of output is:

Socialistic Economy

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Communism

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Both a & b

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Capitalistic economy

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Solution

The correct option is D Capitalistic economy
In capitalist economy, the forms of equity are owned by private investors for the generation of their own wealth, they are involved in all type of decisions related to economics for their business so that the business can progress to another level.

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In a planned or command economy, all the economic decisions are taken by the:

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