Explain the difference between market capitalism, centrally planned capitalism, centrally planned socialism, and market socialism. Give an example of a country that illustrates each type of system.

The purpose of a business model is to provide a clear representation of where and how value is created and can be captured. True False

Which of the below statements is INCORRECT about about a specific market economy such as the U.S. (America), or market economies in general? Group of answer choices   In market economies government bureaucrats direct everything from the number of bars of soap a factory can produce to the number who students who may study electrical engineering.   Complex economies in which billions of transactions every day, the vast majority of which happen withou any direct government involvement.   In the twentieth century in one market economy life expectancy increased from forty-seven years to seventy-seven, and infant mortality plunged by 93%..

Check the countries whose economies are best described as "mixed," combining aspects of both capitalism and socialism. Check all that apply. Netherlands Norway Austria Switzerland New Zealand Which of the following are defining characteristics of a socialist economy? Check all that apply. Private ownership of resources Public ownership of resources An authoritarian government Decentralized decision making through markets i Centralized decision making