Which would not be characteristic of a capitalist economy?
A) Government ownership of the factors of production
B) Competition and unrestricted markets
C) Reliance on the market system
D) Free enterprise and choice
Correct Answer:
Verified
Q7: The private ownership of property resources and
Q14: The Soviet Union economy of the 1980s
Q15: A basic characteristic of a command system
Q16: In a capitalistic economy:
A) consumers are not
Q17: Which is a major feature of the
Q18: Another term for capitalism is the:
A) command
Q21: By free enterprise,we mean that:
A) products are
Q22: How do workers typically express self-interest?
A) By
Q23: How does human specialization contribute to an
Q24: A characteristic of the market system is:
A)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents