answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: Capitalism is becoming the world's dominant economic system. This is referred to as?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Economics

What is a economic system where people own and make economic decisions?

Economic systems where people own property and conduct business free from despotic governments are often referred to as capitalistic economies. Time and necessity, however, has placed certain restrictions and regulations on such economic systems, based on laws of the government. Practically speaking, these new economies still allow for people to own and make economic decisions are best labeled " free market economies". This implies that the freedoms mentioned are still in place but subject to fair laws and regulations that help all people. Sometimes these economies are also referred to as" mixed economies" because of government involvement into economic affairs and because taxation can influence business decisions.


What is an individual's location in the economic sphere referred to as?

Social class is an individual's location in the economic sphere.


What does the US constitution say about capitalism?

The US Constitution says absolutely nothing about capitalism. The only oblique reference to capitalism is in the Preamble where it has the phrase "secure the Blessings of Liberty to ourselves and our Posterity". Liberty, when the US Constitution was written, referred to economic freedom to open, manage, and close businesses as well as freely shop at any business. So, the US Constitution was arguing that one of the key purposes of the US Constitution was to guarantee a free-market economy.


What is the system of free enterpirise called?

Free enterprise is also known as a free market economy and also referred to as capitalism.


The products and services that are worth money and are provided by producers are referred to as which of these?

economic value (A+ answer)

Related questions

Allele that is fully expressed is referred to as?

No, it is referred to as dominant


What is a economic system where people own and make economic decisions?

Economic systems where people own property and conduct business free from despotic governments are often referred to as capitalistic economies. Time and necessity, however, has placed certain restrictions and regulations on such economic systems, based on laws of the government. Practically speaking, these new economies still allow for people to own and make economic decisions are best labeled " free market economies". This implies that the freedoms mentioned are still in place but subject to fair laws and regulations that help all people. Sometimes these economies are also referred to as" mixed economies" because of government involvement into economic affairs and because taxation can influence business decisions.


Mendel referred to the characteristic that was expressed in the hybrid F1 or first filial generation as?

Dominant


What is an individual's location in the economic sphere referred to as?

Social class is an individual's location in the economic sphere.


What does the US constitution say about capitalism?

The US Constitution says absolutely nothing about capitalism. The only oblique reference to capitalism is in the Preamble where it has the phrase "secure the Blessings of Liberty to ourselves and our Posterity". Liberty, when the US Constitution was written, referred to economic freedom to open, manage, and close businesses as well as freely shop at any business. So, the US Constitution was arguing that one of the key purposes of the US Constitution was to guarantee a free-market economy.


What is the system of free enterpirise called?

Free enterprise is also known as a free market economy and also referred to as capitalism.


What is the economic state when overall production is very low?

This is referred to as a "trough".


What is the dominant image in sonnet 18?

The dominant image in Sonnet 18 is light. Sonnet 18 was written by William Shakespeare and is sometimes referred to as Shall I compare thee to a summer's day?


The way you are expected to act by others?

The way you are expected to act by others is referred to as etiquette or manners.


What type of economic systems is also referred to as a subsistence economy?

Traditional Economy


What does the term Stagflation referred to?

a period of high inflation and slow economic growth


The products and services that are worth money and are provided by producers are referred to as which of these?

economic value (A+ answer)