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lina2011 [118]
3 years ago
9

When an economy is capitalist and has free markets, it can be said that the economy is based on

History
1 answer:
Katarina [22]3 years ago
8 0

Answer:

When an economy is capitalist and has a free market, it can be said that it is based on capitalist free market.

Explanation:

Capitalism is where the wealth is created but it is owned privately. People can own anything, be it land and industry or anything which yields profit.

Whereas, in a free market, the people are free to exchange goods and utilities rather than creating. The wealth can be exchanged from one person to another by means of exchanging good.

Any country which possess free capitalist market often has a lot to offer, people tend to live a happy and a stress free life.  Even though it is a free capitalist environment, systems do exist to protect people's right nonetheless.

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