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One where the vast majority have to work for a wage in order to survive. Where goods and services are produced for sale with a view to profit. Where a small minority (less than 1%) own the land, factories, raw materials, offices, etc. Where there is massive inequality and widespread poverty and insecurity.
paulbenn
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What is included in mixed economy?
Mixed economy included Capitalistic economy and also Socialistic economy. Capitalistic economy for profit earning and socialistic economy for social welfare.
What are the four degrees of competition that exist in a capitalistic economy?
The four degrees of competition that exist in a capitalistic economy are: perfect competition, monopolistic competition, oligopoly, and monopoly.
What economic system does Greenland have?
Capitalistic mixed economy
Is not a characteristic of a capitalistic economy?
government control of production and resources...A+
What economy is the US?
Capitalism: wages system, production for profit, ownership by a tiny minority
Capitalistic economy of India?
No. India is a mixed economy , a combination of capitalistic and socialistic economies
What is included in mixed economy?
Mixed economy included Capitalistic economy and also Socialistic economy. Capitalistic economy for profit earning and socialistic economy for social welfare.
Is Finland a capitalistic economy?
Yes.
What economic system is Italy?
capitalistic economy
What are the four degrees of competition that exist in a capitalistic economy?
The four degrees of competition that exist in a capitalistic economy are: perfect competition, monopolistic competition, oligopoly, and monopoly.
What is the emphasis in the US with regard to the type of economy?
A free market (capitalistic) economy.
What is the economy type in china?
capitalistic economy
What economic system does Greenland have?
Capitalistic mixed economy
Is not a characteristic of a capitalistic economy?
government control of production and resources...A+
What economy is the US?
Capitalism: wages system, production for profit, ownership by a tiny minority
What kind of ecomomic system does Mexico have?
It is an "emerging market economy" with capitalistic tendencies.
What Countries with a capitalistic view of society have which type of economy?
Capitalist would be the type of economy. An economy run by the free market, and has little-to-no government regulation.
