Ask Question
Social StudiesSocial Studies
15 September, 03:58

Why is capitalism called a free - market economy?

+5
Answers (1)
  1. 15 September, 06:05
    0
    In capitalism the market decides (is free to decide, hence the usage of the word "free") over what will be produced and how much, and it is not commanded by any entity, such as the government in case of command economy (think: socialism).

    So in capitalism, the market is free to function without intervention, and because of this, it is called a "free-market" economy.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Why is capitalism called a free - market economy? ...” in 📙 Social Studies if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
When did Germany pull out of the League of Nations after World War I?
Answers (1)
Which of these is associated with the presidency of andrew jackson? a. the abolition of slavery b. a restriction of voting rights c. the creation of the spoils system d. voting rights for women and african-americans
Answers (1)
Who was the leader of the country the Louisiana territory was purchased from?
Answers (2)
Declaring independence: True or false After the king 's response to the petition, the delegates decided to try talking to him again
Answers (1)
Ants release pheromones, which are detected as a smell to other ants, when they have found food. This lets the other ants know that they can return to the nest in order to feast.
Answers (1)
New Questions in Social Studies
Abigail and the other accusers act as if mary warren has used witchcraft against them. how does mary eventually respond to their actions?
Answers (1)
Which of the following statements about the Social Security program in the United States is NOT correct? 1. It redistributes income from more wealthy to less wealthy people 2. It is received my more men than women 3.
Answers (1)
If you were an American Indian warrior, why might you not care whether your colonial opponents were soldiers or civilians? A. You would want to prove yourself to your European allies. B.
Answers (1)
Third grade LI Understand quantity supplied and quantity demanded SLO There are 500 people who will each pay $8 for a ticket to see a new superhero movie.
Answers (1)
I used to have daydreams in which she was white and married t. ray, and became my real mother. other times i was a negro orphan she found in a cornfield and adopted.
Answers (1)
Home » Social Studies » Why is capitalism called a free - market economy?
Sign Up Forgot Password?