Which of the following is an economic philosophy based on public ownership of property and sharing of profits?
A) democratic socialism
B) laissez-faire capitalism
C) socialism
D) welfare capitalism
Correct Answer:
Verified
Q31: The economic philosophy based on public ownership
Q32: All of the following are elements of
Q33: Laissez-faire capitalism arose as a reaction to
Q34: Adam Smith's concept of the "invisible hand"
Q35: Laissez-faire economists believe that human life would
Q37: Early socialists called economics the "dismal science"
Q38: All of the following are elements of
Q39: Sam Greene believes that laissez-faire capitalism exploits
Q40: An economic system in which demand and
Q41: Command economies have had all of the
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