QUESTION IMAGE
Question
an economic system dominated by the supply - demand - price mechanism called the \market\ is
○ capitalism.
○ communism.
○ market exchange.
○ redistribution.
Capitalism is an economic system where the supply - demand - price mechanism (the market) plays a dominant role. In communism, the state has more control over production and distribution rather than relying on the market. Market exchange is a part of the market mechanism but not the name of the economic system. Redistribution is a method of resource allocation (like in some traditional or socialist - influenced systems) which is different from a market - dominated system.
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capitalism.