What is an economic system in which the means of production are owned by private individuals or organizations?

Correct answer: Capitalism

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What people think about it: 4 Comments
Ray
Ray
I'm a Capitalist .
Player #25874027
Player #25874027
I am living under an economic system where I own the poverty!! I would be willing to share a bit . All reasonable offers considered
kronik
kronik
limited governmental intervention?? what a joke!
BlueEyedAlien
BlueEyedAlien
When I was in college, someone asked the professor, “What is the best economic system?” He answered, “Moral capitalism.” After a moment, people began to giggle until the entire room erupted in laughter. As the laughter died down, he said, “Until next time. Class dismissed.”