Market Capitalism is an economic system in which:
A) individuals and firms allocate resources and production resources that are privately owned.
B) the state has broad powers to serve the public interest as it sees fit.
C) market resource allocation is commanded by both private and state ownership.
D) there is no correlation between economic freedom and a nation's economy.
E) no correct answer
Answer: A) individuals and firms allocate resources and production resources that are privately owned.