1. Which two basic types of economic system distinguish contemporary industrial societies? a. capitalism and communism b. capitalism and socialism c. socialism and communism d. capitalism and dictatorship

Q: How did the Spanish system in Mé xico, from 1500s to 1810, create the seeds or causes for rebellion…

A: The issue was the Spanish not liking the system of the colonial regime in Mexico. For three hundred…

Q: Explain characteristic of following  economic system: Free market economy

A: Meaning of Free Market Economy: The term free-market economy is the situation under which there…

Q: The following are Invention in the Third Industrial Revolution, except (Choose 2)     a. Photography…

A: Third industrial revolution which is also known as Digital revolution began in the late1990s is…

Q: s it may don t precisely portray present day economies. Recognize three fundamental highlights of…

A: The modern economy depicts the division of labor, in which people tend to earn income by achieving…

Q: Explain/Define Each of the Negative Parts of Capitalism: 14. Monopoly: 15. Income Inequality: 16.…

A: The three terms have been explained and defined below.

Q: 1. Does entrepreneurship matter? Why? 2. How important is entrepreneurship in nation building?

A: Entrepreneurship is the concept of creating, developing, and controlling a new business idea by…

Q: a)What does Robert Marks consider to be the most important features of the industrial revolution?…

A: Marks emphasizes the universal aspect of the industrial revolutions, trade networks, and empire…

Q: According to the principle of  ___________ a society’s economic system molds the society’s legal…

A: Research across disciplines indicates that cultures ultimately shape our thought habits across…

Q: Describe four characteristics of the Free enterprise System

A: The free market, also known as free enterprise, is an economy in which prices, goods, and services…

Q: In which of the following forms of government do states have the most power? !.A unitary system 2. A…

A: The correct answer is 2. A federation. In a federal government, there is a considerable…

Q: Which of the following statements best captures the notion of private enterprise? Individuals pursue…

A: In the field of economics, the businesses are defined as the organization that produces commodities…

Q: ohn Kenneth Galbraith saw modern capitalism as   A.dominated by large enterprises and…

A: Macroeconomics refers to the branch of economics that deals with the economy as a whole. For…

Q: Who answers the three key economic questions in a command economic system? O custom & tradition…

A: In command economy all the production and allocation decisions are centralised.

Q: Which of the following choices is not part of capitalism? O free enterprise O private ownership of…

A: Capitalism is an economic and political system in which the ownership of the private enterprise is…

Q: 1.Which of the following ideas were central to Adam Smith in Wealth of Nations? A)importance of…

A: As per the policy, we will answer first three sub parts. If you want other questions to be solved,…

Q: Choose 3 economic policies promoted by neoliberalism: a. Rule of law b. Liberalization c.…

A: (Q) Choose 3 economic policies promoted by neoliberalism:- a. Rule of law b. Liberalization c.…

Q: Islam gives complete freedom to economic enterprise with ________ a. None of the options b.…

A: Answer Option 'C' is correct.   Islam gives complete freedom to economic enterprise with some…

Q: Several characteristics of capitalist economic systems are listed here. Indicate in the space beside…

A: In an economy, differ ideologies will lead to change the market behavior based on their assumptions,…

Q: Explain the difference between capitalism and communism. What role does the government play in each…

A: The different laws and ordinances that comprise the economy are referred to as its economic system.…

Q: Understand the relationship of capitalism and popular culture

A: There are various schools of economic thought. Each economic theory has its own set of guidelines…

Q: Please explain why Capitalism is the most fair and efficient system in terms of innovation, and…

A: Capitalism is an economic and political system in which a country's trade and industry are…

Q: Social regulations Select one: a. Lead to increasing industrial concentration b. None of the answers…

A: Governmental regulations also include social regulations.Public interests including health, safety,…

Q: Competitive industries: Group of answer choices A. require government intervention B. compete all…

A: The issue spins around grasping the effects of competitive industries on the economy and society. It…

Q: he United States is a democracy. This means that the United States is ruled by: A.a single entity…

A: There are different regimes in economies all over the world. In terms of economies, nations may have…

Q: Describe the partners of an organization and Business models that alternate strategies and concepts…

A: Business models and organizations have partners and collaborate for the expansion of business.…

Q: Under __________, the means of production are owned by the government. a. Socialist economy b. Mixed…

A: An economic system can be defined as the system by which the available resources, goods, and…

Q: 15. In a communistic government official's decide how much to produce, what to produce and how to…

A: The idea of a communist government is based on the philosophy set by Karl Marx and Fredrich Engels.

Q: China’s economic system is sometimes labeled __________. A. state socialism B. utilitarianism C.…

A: Economic system: It refers to a process of production, consumption, and allocation of goods and…

Q: 3. Which of the following is an important feature of capitalism? A. Capital is government owned B.…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: ____ a. individualistic capitalism____ b. political action committees____ c. oligopoly____ d.…

A: Note:- Since we can only answer up to three subparts, we'll answer first three. Please repost the…

Q: Analyze the main tenants of economic sociology and how this approach explains the functioning of big…

A: Economic sociology is the study of the social cause and effect of many economic conditions. Economic…

Q: "Come out to the store! We have new and improved windshield wipers to get you through the rainy…

A: The objective of the question is to identify which characteristic of free enterprise the given…

Q: Explain/Define Each of the Negative Parts of Capitalism: 17. False Advertising: 18. Recession: 19.…

A: Capitalism refers to an economic system in which private individuals or businesses own capital…

Q: 3. The Industrial Revolution refers to the rise of the modern factory system in during the late…

A: Industrial Revolution is the revolution that transformed the manufacturing sector and the advent of…

Q: Write True on the space if the statement is correct. If it is false, explain why it is so.  9.…

A: In economics, people study various concepts related to the marketplace and the whole economy when…

Q: Unlike a market economy, a command economy: a. Consumer sovereignty to make production decisions b.…

A: Economy of a country includes all the economic activities that are undertaken in the country.

Q: Which of the following is not a typical characteristic of a market system? Multiple Choice…

A: A market system is an economic framework that relies on the interplay of buyers and sellers in an…

Q: 73. IcecultureInc of Ontario emplyes 50 people and exports around the world. It would be considered…

A: “Since you have posted multiple questions, we will provide the solution only to the first question…

Q: The following are the characteristics of the first Industrial Revolution, except:   a. Low cost of…

A: The first industrial revolution occurred roughly between 1760 and 1830. There was a transition to…

Q: Explain characteristic of following  economic system: Command economic system

A: The economic system would depend on the power and functions on the various economic agents involved…

Q: Explain the basic characteristics of the US free enterprise system, including private property,…

A: An economic framework is a collection of organizations, people, and activities that impact how…

Q: Answer correctly and fast please Which of the following is one of the three factors contributing…

A: An entrepreneur is described as "the owner or manager of a business organisation who attempts to…