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Economic decisions under capitalism are made with an eye to increasing profits. Government involved is limited, and social responsibility is not a major consideration.
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∙ 9y ago
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How are economic decisions are made under capitalism?
they are based on who can sell the most
What economic system believes in a free market?
Nobody really believes in a truly free market. Under all forms of capitalism, the state plays a major role.
What Economic system in which the means of production and distribution are privately owned and operated for profit under competitive conditions?
the answer is : Capitalism
What does the economic system in which the means of production and distribution are privately owned and operated for profit under competitive conditions?
Capitalism
What is the economic system in which the means of production and distribution are privately owned and and operated for profit under competitive conditions?
Capitalism
How are economic decisions are made under capitalism?
they are based on who can sell the most
What economic system believes in a free market?
Nobody really believes in a truly free market. Under all forms of capitalism, the state plays a major role.
What Economic system in which the means of production and distribution are privately owned and operated for profit under competitive conditions?
the answer is : Capitalism
What does the economic system in which the means of production and distribution are privately owned and operated for profit under competitive conditions?
Capitalism
What is the economic system in which the means of production and distribution are privately owned and and operated for profit under competitive conditions?
Capitalism
Was capitalism abolished under Lenin?
Capitalism as the main economic system in Russia was abolished by Lenin in Russia. Never the less, when Russia's economy began failing and both industrial and agricultural production fell below even the levels of the Tsarist regime, he instituted what he called a "New Economic Policy." This reintroduced aspects of capitalism in the agricultural sector and in small businesses and factories.
The economic system in which freedom of choice is emphasized?
nop it is not comman it is capitalism i got it from my Government book and teacher
What consumer is the condition under which all economic processes are ultimately focused upon for satisfying the wants and needs of consumers?
I believe this is called capitalism.
Why do economic decisions vary from person-to-person even under the same circumstances?
Cost and benefits are subjective
Under which type of economic system does the government own and control all the land factories banks and transportation facilities of a country?
communisum
What economic system do most countries operate under today?
Capitalism, with all the expected problems:poverty, mi equality, environmental damage
What is the economic system in which the means production and distribution are privately owned and operated for profit under competitive conditions?
The definition of capitalism is an economic system in which the means of production and distribution are privately or corporately owned and the operations are funded by profits. An example of capitalism is the prison system in the United States being operated by private companies.
