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Free markets in which suppliers and demanders can enter and exit the market at their own discretion are fundamental to the capitalist economic system.
Wiki User
∙ 13y ago
paulbenn
A small class of capitalists own the means of production. The vast majoritzy of people have to work for a wage. Production takes place for sale at a profit.
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Entrepreneurs have the most economic freedom in which type of economy?
capitalism
The economic system in which freedom of choice is emphasized?
nop it is not comman it is capitalism i got it from my Government book and teacher
What is an economic system in which most of the economy's resources are privately owned and managed?
capitalism.
Is freedom of choice capitalism or socialism?
Under capitalism, most people have little freedom of choice, as they have to work for an employer. Socialism will provide much more freedom, without the coercion of the wages system.
Which type of economy system is most closely associated with Adam Smith?
Capitalism
Entrepreneurs have the most economic freedom in which type of economy?
capitalism
The economic system in which freedom of choice is emphasized?
nop it is not comman it is capitalism i got it from my Government book and teacher
What is an economic system in which most of the economy's resources are privately owned and managed?
capitalism.
Which economy do most countries operate by?
Capitalism.
Is freedom of choice capitalism or socialism?
Under capitalism, most people have little freedom of choice, as they have to work for an employer. Socialism will provide much more freedom, without the coercion of the wages system.
What is the most fundamental element of democratic theory?
equality and freedom
Which type of economy system is most closely associated with Adam Smith?
Capitalism
Which is the most important fundamental right and why?
most important fundamental right is right to freedom because every one has right to do what one wants.
Is US a free market economy?
It’s market economy with a lot of state interference (like most forms of capitalism).
What is an type of economy in which most decisions are made by individuals looking out for their self interests?
Capitalism
What is better: socialism or capitalism?
capitalism
In which economic system does the government make most economic decisions?
command economy
