Question & Answer

A pure market economy is sometimes called pure:

A pure market economy is sometimes called pure: A. command economy
B. socialism
C. communism
D. capitalism

1 Answer

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Quizzma TeamJune 1, 2025

The correct answer is D. capitalism.

A pure market economy, also known as capitalism, is a system where the means of production and distribution are privately owned and operated for profit. In this system, economic decisions are determined by supply and demand, with minimal government intervention. This contrasts with command economies, socialism, and communism, where the government plays a significant role in economic planning and resource allocation.