Business Environment MCQs

The economic system in which business units or factors of production are privately owned and governed is called as

January 17, 2022

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The economic system in which business units or factors of production are privately owned and governed is called as

Q. The economic system in which business units or factors of production are privately owned and governed is called as

A. Capitalism

B. Socialism

C. Democratic

D. Republic

Answer: Capitalism

The economic system in which business units or factors of production are privately owned and governed is called as

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