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Capitalism: wages system, production for sale, class ownership of the means of life.

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paulbenn

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2y ago

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Most countries today operate under which of these economic systems?

Most countries today operate under which of these economic systems


Most countries today operate under what economic system?

mixed economy


What is the primary way banks encourage individuals to save money?

By paying interest on deposits. (For those who are doing study island.)


What countries have come closest to having purely command economic systems?

China in the 1950s and North Korea today.


What economic system do most countries operate under today?

Capitalism, with all the expected problems:poverty, mi equality, environmental damage


In what ways countries today follow Keynesian economics polocies?

Are countries today following Keynesian's economic policies today?


An important economic activity in the Caribbean islands today is?

The primary economic activity for countries of the Caribbean today is tourism.


Are few countries today republics?

No, many countries today are republics. A republic is a form of government where the country is considered a "public matter," and officials are elected by the citizens or their representatives. While the specific structure and political systems vary widely, a significant number of nations, including the United States, France, and India, operate as republics. This form of government is one of the most common worldwide, alongside monarchies and other systems.


The power of a nation-state to determine its form of government and its economic and social systems is called .?

Democracy is the system that allows people to choose their leaders and form of government. Most countries today have embraced this form of governance.


What are two general types of economic systems that exist today?

Capitalism and capitalism: wages system, production for use, minority ownership of the means of production.


Why do most countries operate somewhere between a command and market economy?

Nearly all modern economies in the world today have characteristics of both market and command economic systems. That is why they are called mixed economies. Traditional economies are very hard to find and could not function effectively for a whole nation. Nearly all the countries in Southwest Asia today would best be described as mixed economies, as they have the characteristics of a free market and free enterprise as well as some government planning and control.


What countries today use the command systems?

Cuba, Laos, Vietnam, North Korea, and China