punkee3750 punkee3750
  • 09-01-2020
  • Business
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____________ IS THE ECONOMIC SYSTEM THAT HAS LED TO WEALTH CREATION IN MUCH OF THE DEVELOPED WORLD.

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BenitoMarin BenitoMarin
  • 09-01-2020

Answer:

The correct word for the blank space is: capitalism.

Explanation:

Capitalism is an economic system in which the free market alone controls the production of goods and services. Its key features include open competition, a profit motive of producers, and private ownership of property. Capitalism stands in direct contrast to government-controlled economies, where production and prices are set by a centralized body.

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