An economic system in which the decision on what and how ...
An economic system in which the decision on what and how to produce is determined by the individual is called
Capitalism
Communism
Socialism
Traditionalism
Welfarism
Correct answer is A
Capitalism is an economic system in which private individuals or businesses own capital goods, and decide what and how to produce goods.
A review of occupational distribution of population from time to time helps us to know the ...
As consumption of beer increases, its marginal utility to a drinker will ...
Which of the following causes of inflation is related to demand-pull inflation? ...
Mono-products economics are those that ...
A major factor affecting the value of money is the ...
In a capitalist economy, resources are ...
Agriculture is important to the economy of West African countries because it is the source of ...
Localization of industries in Nigeria is mainly influenced by ...