![The economic system in which business units or factors of production are privately owned and governed is called as](https://www.gkseries.com/blog/wp-content/uploads/2022/01/The-economic-system-in-which-business-units-or-factors-of-production-are-privately-owned-and-governed-is-called-as-.png)
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
A. Capitalism
B. Socialism
C. Democratic
D. Republic
Answer: Capitalism
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