What ideology promotes allowing private businesses to produce goods and services according to the demands of consumers?

Question

Penelope Larson

History

6 July, 00:00

What ideology promotes allowing private businesses to produce goods and services according to the demands of consumers?

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Answers (2)

Know the Answer?

Jeramiah Mckenzie · Answer 1

Jeramiah Mckenzie 6 July, 00:02

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Capitalism is your answer

Lucifer · Answer 2

Capitalism

Explanation:

Economic system based on the legitimacy of private goods and the unrestricted freedom of commerce and industry, with the main objective of gaining profit. Capitalism is based on the voluntary exchange of private property (including money) based on the idea of supply, demand and person value that each person attributes to something.