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CAPITALISM
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11y ago
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Wiki User

12y ago

I think it is Capitalism or Mercantilism.

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Q: What economic system is characterized by private property and a market economy?
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Related questions

Mixed economy?

A mixed economy is a type of economic system. It is characterized by a system that is between public and private enterprises.


What economic theory is characterized by market competition and private ownership?

free market economy. think america


How does capitalism differ from a mixed economy?

Capitalism is an economic system that is characterized by private or corporate ownership of capital goods while a mixed economy is an economy in which private enterprise exists in combination with a considerable amount of government regulation and promotion.


Why must private ownership of property be guaranteed before a free market economy will work?

Private ownership of property is essential to a free market economy. Without private ownership of property a free market economy cannot exist.


Which economic system is characterized by much government involvement lack of private ownership and elimination of economic classes?

planned


How are goods produced in a mixed economy?

In general the mixed economy is characterized by the private ownership of the means of production, the dominance of markets for economic coordination, with profit-seeking enterprise and the accumulation of capital remaining the fundamental driving force behind economic activity.


A economic system is characterized by much government involvement lack of private ownership and elimination of economic classes.?

The answer is Mixed


Which of the following economic systems is characterized by private or corporate ownership of capital goods?

free enterprise


Who determines what products should be produced and how they should be produced In a mixed-market economic system?

In general the mixed economy is characterized by the private ownership of the means of production, the dominance of markets for economic coordination, with profit-seeking enterprise and the accumulation of capital remaining the fundamental driving force behind economic activity.


How a mixed market economic system who determines what product should be produce and how they should be produce?

In general the mixed economy is characterized by the private ownership of the means of production, the dominance of markets for economic coordination, with profit-seeking enterprise and the accumulation of capital remaining the fundamental driving force behind economic activity.


In a mixed market economic system who determines what products should be produced and how they should be produced?

In general the mixed economy is characterized by the private ownership of the means of production, the dominance of markets for economic coordination, with profit-seeking enterprise and the accumulation of capital remaining the fundamental driving force behind economic activity.


What is the name of an economic system in which private citizens own the factors of production?

I believe the answer is "a command economy"It is market economy