Question

Which economic theory is the belief that markets should be left alone by governments, and people should be free to make and buy what they wish at a price that is best left open to the forces of an open market?
socialism
capitalism
none of these answers
communism

Answer 1

The economic theory that describes the belief that markets should be left alone by governments, allowing people the freedom to make and buy what they wish at prices determined by the forces of an open market, is known as **capitalism**.