The definition of a state-run economy would be Communism but there is no definition of providing for its citizens.
Any governmental system that takes a lazze-faire (hands off) approach to the market is not responsible for how the economy is run.
The system of production and distribution and consumption.A.Free-market economyAn economic system where decisions are made by producers and consumers.C.Mixed economyAn economic system that uses both free-market and command principles.B.Planned economyAn economic system run by the government.
an economic system in which the central government directs all major economic decisions
This would be capitalism.
Capitalist: class ownership, wages system, production for sale.
Any governmental system that takes a lazze-faire (hands off) approach to the market is not responsible for how the economy is run.
The system of production and distribution and consumption.A.Free-market economyAn economic system where decisions are made by producers and consumers.C.Mixed economyAn economic system that uses both free-market and command principles.B.Planned economyAn economic system run by the government.
an economic system in which the central government directs all major economic decisions
This would be capitalism.
Capitalist: class ownership, wages system, production for sale.
CommunismNovaNet
NO. In a traditional economic system, the government does not involve itself with transactions, primarily since the barter system makes it difficult for the government to monitor transactions.
the government enforces economic laws and regulations
Capitalism is an economic system in which individuals and private businesses run most industries
the government controls the economic system through banks taxes and other ways inwhich we may not think of.
It has an economic system
Free Enterprise It is not Capitalism A Free Enterprise System is when you have the right to run a business to make a profit with limited interference from the government.