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What is the economic system based on private ownership investment and profit?
Capitalism is the economic system based on private ownership and profit.
What is a traditionalist-based economic system?
A tradition-based economic system is an economic system where economic decisions are based largely on cusom. The four economic questions are answered according to the traditions of the country. People produce and distribute goods in the ways that have been followed for hundreds of years by their ancestors.
Which of these describes a market economic system?
Economic decisions are based on supply and demand. A+
Who has a traditional economic system?
A traditional economic system would have to be a system based on the tradition of a particular region. that would imply that virtually every country has an economic system that is traditional.
What economic system is based on private ownership?
capitalism
What is the economic system based on private ownership investment and profit?
Capitalism is the economic system based on private ownership and profit.
What is a traditionalist-based economic system?
A tradition-based economic system is an economic system where economic decisions are based largely on cusom. The four economic questions are answered according to the traditions of the country. People produce and distribute goods in the ways that have been followed for hundreds of years by their ancestors.
What are examples of social capital?
capitalism: an economic system based on private ownership of capital socialism: an economic system based on stateownership of capital
Economic system are based on?
Economic systems are based on the reflection on the values, assumptions and goals of a particular culture.
Which of these describes a market economic system?
Economic decisions are based on supply and demand. A+
Who has a traditional economic system?
A traditional economic system would have to be a system based on the tradition of a particular region. that would imply that virtually every country has an economic system that is traditional.
What economic system is based on private ownership?
capitalism
What economic system is based on collective ownership?
Communism
What a economic system?
An economy based on custom or tradition.
What economic system are the decisions based on customs?
traditional
Economic system based on collective ownership?
Libertarian Socialism is the economic system based on equal collective ownership of property. It includes Social anarchism and libertarian Marxism.
What type of economy did songhai have?
It was based on trading.
