All modern economies depend on
A)the exploitation of workers
B)government ownership of the means of production
C)free-enterprise
D)specialization

Question

Quizplus · Accepted Answer

Specialization is the process of focusing on specific tasks or skills in order to increase productivity and efficiency. This is a key feature of modern economies, as workers specialize in particular industries or professions, enabling them to produce more and better-quality goods and services. While free-enterprise (C) is also important in many modern economies, government ownership of the means of production (B) and the exploitation of workers (A) are not necessary components of a modern economic system.

All Modern Economies Depend on