Sweetland is a nation that publicly supports a free market economy with private ownership of businesses.Over time,the government of Sweetland has developed policies designed to help the needy and reduce the level of income inequality.It pays for these programs by levying relatively high taxes on businesses and workers.These arrangements suggest that the economy of Sweetland is trending toward pure capitalism.
Level of Learning 3: Application of principles

Question

Quizplus · Accepted Answer

Sweetland's policies of high taxes and social programs indicate a trend towards a mixed economy, which combines elements of capitalism and socialism, rather than pure capitalism.

Sweetland Is a Nation That Publicly Supports a Free Market