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How is a communist economic system different from a free enterprise system?
Well, darling, in a communist system, the government owns and controls the means of production, distribution, and exchange. Meanwhile, in a free enterprise system, individuals and businesses are free to own and operate their own businesses with minimal government intervention. So, in short, one's all about sharing the wealth, while the other is more like a capitalist free-for-all.
What type of an economic system is Venezuela?
Venezuela has a more communist than capital economy.
Is the free enterprise system is an economic system not a political system?
True
What is a private enterprise system enterprise system?
THE PRIVATE ENTERPRISE SYSTEM an economic system that rewards firms for their ability to identify and serve the needs and demands of customers. Another name of it is Capitalism.
The circular flow model of pure capitalism shows how a economic system answers the basic economic questions?
Free Enterprise A+
Does Mexico have a free enterprise socialist or communist?
It has a free enterprise or "capitalistic" economic system.
How is a communist economic system different from a free enterprise system?
Well, darling, in a communist system, the government owns and controls the means of production, distribution, and exchange. Meanwhile, in a free enterprise system, individuals and businesses are free to own and operate their own businesses with minimal government intervention. So, in short, one's all about sharing the wealth, while the other is more like a capitalist free-for-all.
What type of an economic system is Venezuela?
Venezuela has a more communist than capital economy.
The free enterprise system is an economic system not a political system?
true
Is the free enterprise system is an economic system not a political system?
True
What is a private enterprise system enterprise system?
THE PRIVATE ENTERPRISE SYSTEM an economic system that rewards firms for their ability to identify and serve the needs and demands of customers. Another name of it is Capitalism.
The circular flow model of pure capitalism shows how a economic system answers the basic economic questions?
Free Enterprise A+
What type of economic system does Belgium have?
They have a Private Enterprise
What is pure capitalistic system?
A capitalistic system is an economic system known as a free enterprise system.
What is a pure capitalistic system?
A capitalistic system is an economic system known as a free enterprise system.
2 In a free-enterprise economic system unlike a command system economic decisions are made primarily by?
Consumers.
Economic system used to make money?
The biggest economic system used to make money is capitalism. Which is a system of free enterprise.
