How does an ideal free market economy supposed to work in a democratic country? How limited is the role of government?
Q: which economic system did Ayn Rand claim was the best to support her theory? a. socialism b.…
A: Aye Rand was a writer and philosopher. She was born in Russia.
Q: Ways in which China has a socialist market economy?
A: The term "economic system" refers to the many laws and ordinances that make up the economy. In terms…
Q: What are economic communities?
A: Answer: Economic communities are formed to promote international trade and economic cooperation…
Q: Explain why people would prefer to live in a socialist or a capitalist country?
A: Under capitalism, means of production are owned by private individuals, and decisions about…
Q: will happen to the country or world if there is no economic system?
A: Everyone would be totally self-sufficient, sitting around their very own fires, Preparing no matter…
Q: kinds of economy?
A: 1. Haiti is a Market Economy in which the forces of demand and supply regulate the market. 2. China…
Q: What are the different types of Economic Systems?
A: An economic system is a method by which social orders or governments coordinate and disperse…
Q: Why do you think that most modern countries’ economies are a mix of command and market types?
A: If economic decisions are taken by the government, it is known as the command economy. In such a…
Q: Why is it necessary to have a freely elected government for democratic capitalism to create a…
A: The democratic capitalism system is based on the 3 components: 1) Free enterprise which provides the…
Q: According to Adam Smith who should manage the economy for the nation? Why?
A: An economy refers to the management of the country's money, trade activities, industrial…
Q: Which economic system does a better job improving living conditions for the poor, capitalism or…
A: The system through which governments or society organizes and distributes the availability of…
Q: Which economic system works best for societies?
A: An economic system is a system that determines the production and distribution of goods and…
Q: In a formal paragraph, tell me which economic system you believe is the best. Consider your needs…
A: The discussion over which economic system is "best" has persisted across time, with supporters and…
Q: How market mechanism solves the basic economic problems?
A: The market economy will help to solve the economic problems.
Q: How does the capitalism economy give to the communities? How does the capitalism economy take away…
A: Capitalism refers to the market form where people are allowed ti make economic activities according…
Q: How do the major economic systems differ?
A: An economic system is defined as the means by which the society organizes and distributes its…
Q: Which type of economic system do you support? Why?
A: The mixed economic system, market economic system, and the command economic system are the three…
Q: What drives a free market economy?
A: In a free-market economy, market forces will run the economy, demand and supply are the market…
Q: What is the best economic system?
A: Capitalism is an economic system in which the production and distribution are privately owned, the…
Q: Socialism Vs. Capitalism, which economic system do you prefer and why? Give real life examples.
A: Socialism is a social, political, and economic philosophy that encompasses a variety of economic and…
Q: How do countries know if their economic systems areworking?
A: An economic system is a method by which governments organize and distribute resources, services, and…
Q: What are the 5 economic systems?
A: ‘Economic system’ is a means or tools by which society or government controls, distributes the…
Q: What are the best institutions for achieving economic goals?
A: An institution is a social structure in which people tend to cooperate and also influencing the…
Q: How many sectors of economy are there?
A: Economy: It is the system of organizing money, industry, and trade of a country or region.
Q: hat are examples of free-market economies?
A: Below are the three types of economies:1. Free market economy2. Command economy3. Mixed economy In…
Q: Describe three different kinds of economic systems.
A: Different kinds of economic systems include; 1. A command economy 2. A market economy 3. A…
Q: Why is business failure a necessary phenomenon in a free economy? It allows entrepreneurs to deduct…
A: Free economy represents a type of economy in which access to productive resources in an economy in a…
How does an ideal free market economy supposed to work in a democratic country? How limited is the role of government?
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