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In which economic system do individuals answer the basic economic questions?
market economy
Economic system in which private businesses run most industries?
Capitalism is an economic system in which individuals and private businesses run most industries
What is the system of a business in which individuals are free to decide what to produce how to produce it and at what price to sell it?
economic system
What is an economic system which allows individuals to own and operate private businesses?
Capitalism
What is an economic system in which individuals make decisions on what to produce called?
Market Economy
In which economic system do individuals answer the basic economic questions?
market economy
What is systemic influence?
Systemic influence refers to the impact that a system, such as a social, political, or economic system, has on individuals or groups within that system. It can manifest through institutional practices, policies, norms, and power dynamics that shape people's experiences and opportunities within the system. Understanding systemic influence is crucial for addressing inequalities and promoting equity.
What are some social factors that influence the evolution of or changes to a system?
Social factors such as cultural norms, economic conditions, political systems, and technological advancements can all influence the evolution of or changes to a system. These factors can shape how individuals interact with the system, the resources available to support it, and the overall values and beliefs that drive change within the system.
Economic system in which private businesses run most industries?
Capitalism is an economic system in which individuals and private businesses run most industries
What is the system of a business in which individuals are free to decide what to produce how to produce it and at what price to sell it?
economic system
What is an economic system which allows individuals to own and operate private businesses?
Capitalism
What is an economic system in which individuals make decisions on what to produce called?
Market Economy
Which system allows individuals the least amount of economic freedom?
capitalism
An economic system in which individuals own the factor of production and make their own decisions?
capitalism
In which economic system are the production and distribution of goods owned by private individuals or corporations?
market
What type of economic system do individuals own most of the businesses?
Capitalism
What is a system in which individuals own factors of production and make economic decisions?
mixed economy
