Which of the following is characterized by private or corporate ownership of capital goods; investments that are determined by private decision rather than by state control; and determined in a free market?

a.mixed market economy

b.free enterprise

c.communism

d.free trade

Respuesta :

The correct answer is B) free enterprise.

The system that is characterized by private or corporate ownership of capital goods; investments that are determined by private decisions rather than by state control, and determined in a free market, is free enterprise.

Free enterprise or Capitalism, is the economic system that supports private property, a free economy, free trade, and economic conditions determined by the market. Democratic and modern countries like the United States, Canada, Australia or the United Kingdom, are examples of capitalist countries.