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What is function of an economic spectrum chart?
to grade the amount of freedom in each economic system
What is the function of the economic spectrum chart?
to grade the amount of freedom in each economic system
What is the economic system of Austria?
Australia has a mixed-market economic system in which there is a mixture of control by the government and freedom of individual enterprise and in which the basic economic questions ...
How is a free enterprise system linked economic a freedom?
It’s not. All forms of capitalism drastically restrict the freedom (economic and otherwise) of the majority of the population.
What is the goal of Economic equity and economic freedom?
The issue of fairness underscores the goal of economic equity. Americans want their economic system to be fair and just. The goal of economic freedom is to allow each member of society to make choices.
What is the function of an economic spectrum chart?
to grade the amount of freedom in each economic system
Which system allows individuals the least amount of economic freedom?
capitalism
Which economic goals are difficult to achieve in a pure market system?
efficiency and freedom
What is the free enterprise system capitalism?
It’s not. All forms of capitalism drastically restrict the freedom (economic and otherwise) of the majority of the population.
What is an economic system in which the government owns most property and businesses and people have little freedom?
Well, the name for this type of system is centrally planned, and one country with this economic system is China.
Three characteristic of the free enterprise system?
economic freedom, private property, voluntary exchange, the freedom of profit motive
What government policies pursues the economic of freedom?
Freedom is not a goal of economics, but there is economic freedom that allows all members,of a society to attain economic viability.
