Key characteristics of the Anglo Saxon model market system consists of private ownership and:
A)"social partners" orientation.
B)inflexible employment policies.
C)free enterprise economy.
D)mix of state ownership.
E)generous social safety net.

Question

Quizplus · Accepted Answer

The key characteristic of the Anglo Saxon model market system is a free enterprise economy based on private ownership. This means that businesses are owned and operated by individuals or privately owned companies, and there is little to no government intervention in the economy. The other answer choices are not characteristic of the Anglo Saxon model market system - A) "social partners" orientation is more characteristic of the Nordic model, B) inflexible employment policies are not necessarily a characteristic of the Anglo Saxon model, D) a mix of state ownership is more characteristic of the European model, and E) a generous social safety net is more characteristic of the Scandinavian model.

Key Characteristics of the Anglo Saxon Model Market System Consists