1. in what type of economic system do individuals own most of the businesses? . a) democracy. b) communism. c) capitalism. d) socialism. 2. which country does not belong to the nafta trade alliance? . a) united states. b) russia. c) canada. d) mexico. 3. countries with little industry are called . a) industrialized nations.. b) prehistoric nations.. c) developed nations.. d) developing nations.. 4. capitalism is called a free-market economy because. a) the central government owns most businesses.. b) it depends on lack of trade.. c) producers compete freely for consumers’ business.. d) it does not rely on competition.