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Which of the following is part of the basis of a capitalist economic system?
Johndoe0121
a. competition
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∙ 11y ago
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In a market or capitalist economy who makes the economic decisions?
The people in the market make these decisions on an individual basis.
Who said that the basis of capitalist system was private ownership of property?
Karl Marx
What is the capitalism view on globalization?
Capitalism is the economic system that dominates the world today. Economics is a study that tries to understand how economies work, when economists today refer to the economy, they are referring to the capitalist system. Though economists only use the term "capitalism" on a more regular basis when it is in crisis.
How did the authors of the Constitution set up the basis for a sound economic system?
I believe that Alexander Hamilton had set up the sound economic system, basing it largely of England's economic system. (feel free to add or change)
What term denotes a nation's basis for allocating its resources among its citizens?
An economic system
In a market or capitalist economy who makes the economic decisions?
The people in the market make these decisions on an individual basis.
Who said that the basis of capitalist system was private ownership of property?
Karl Marx
What is the basis of Okonkwo's economic system?
The Igbo use cowries for money.
What is the capitalism view on globalization?
Capitalism is the economic system that dominates the world today. Economics is a study that tries to understand how economies work, when economists today refer to the economy, they are referring to the capitalist system. Though economists only use the term "capitalism" on a more regular basis when it is in crisis.
Adam Smith ideas serve as the basis for what type of economic system?
Capitalism
How did the authors of the Constitution set up the basis for a sound economic system?
I believe that Alexander Hamilton had set up the sound economic system, basing it largely of England's economic system. (feel free to add or change)
What term denotes a nation's basis for allocating its resources among its citizens?
An economic system
What was Adam Smith's ideas serve as the basis for what type of economic system?
adoptedwrong^itscapitalism
What term denotes a nations basis for allocating its resources among its citizens?
An economic system
What system was brought about to organize labor and optimize production?
The industrial revolution was spreading all around the world. It began in England in the 18th century.The capitalist system was created. Labor and production were operated on a free market basis in 2016.
Marx believed his economic system would pay workers according to their needs?
true. Yes it is the basis of Marxist theory.
What is Suriname's economic system?
State controlled capitalism forms the basis to the economic system that's found in the Republic of Suriname. The profit motive is considered the hallmark of capitalism. Evidence of such a motive, from the local to the national levels, may be found in the continuous presence of the Alcoa subsidiary Suralco in Suriname since 1916.The capitalist economic system is considered to be under state control when there's a strong, centralizing national influence over banking, business, and political economy. Such control may be found in the absolute requirement of all business activity and business people to be registered with the Republic's sole Chamber of Commerce.
