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Which of the following countries is an example of a capitalist economy

ANorth Korea

BCuba

CUnited States of America

DVenezuela

Answer:

C. United States of America

Read Explanation:

Characteristics of a Capitalist Economy

  • Entrepreneurs have the freedom to produce any product.

  • Private property rights.

  • Profit-oriented activity.

  • Traditional system of property transfer.

  • Free market with no price controls.

  • Examples of capitalist countries- United States of America, United Kingdom


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