1
Question
Western Europe and North America are examples of __________.
Western Europe and North America are examples of __________.
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Solution
The correct option is C Capitalist economy
1:The capitalist economy refers as, "One in which economic decisions, regarding production in different sectors, the distribution of products and fixation of prices are taken by private entrepreneurs for the purpose of profit with not having any control or pressure of the Governments. 2:It is owned and controlled by private individuals. Some of the most advanced countries like Western Europe and North America have been capitalist from the beginning of modern times.3:A Capitalist economy is a free enterprise economy.
1:The capitalist economy refers as, "One in which economic decisions, regarding production in different sectors, the distribution of products and fixation of prices are taken by private entrepreneurs for the purpose of profit with not having any control or pressure of the Governments.
2:It is owned and controlled by private individuals. Some of the most advanced countries like Western Europe and North America have been capitalist from the beginning of modern times.
3:A Capitalist economy is a free enterprise economy.
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