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What type of economic system do individuals own most of the businesses?
Capitalism
Similarites between capitalism and mercantilism?
Mercantilism and Capitalism both have to do with the economy and making money. and they both have people getting benefits from them the entrepenuers and the monarchs
What is an economic system in which most of the economy's resources are privately owned and managed?
capitalism.
Is government ownership of most productive resources is a characteristic of capitalism?
It’s characteristic of state capitalism, but not of most forms of capitalism.
What is the most distinctive feature of capitalism?
growth
What is the main idea about communism and capitalism?
Capitalism: ownership of the means of production by a tiny minority, production for profit, wages system. Communism: common ownership, production for use, free access.
Offering workers higher wages and providing benefits is what?
welfare capitalism
Do you feel that benefits of capitalism in china outweigh the drawbacks?
They do not have Capitalism, they have Communism. Communism may seem good but remember you have no voice in government, no ability to disagree with the government publicly, no freedom of the the press, and the worst part is, nothing to do with Capitalism or Communism, is that everything in China is very polluted and dirty in most parts.
What type of economic system do individuals own most of the businesses?
Capitalism
Similarites between capitalism and mercantilism?
Mercantilism and Capitalism both have to do with the economy and making money. and they both have people getting benefits from them the entrepenuers and the monarchs
What is an economic system in which most of the economy's resources are privately owned and managed?
capitalism.
What are the benefits and problems of living in a consumer society?
what are advantages n disadvantages of capitalism?
Is government ownership of most productive resources is a characteristic of capitalism?
It’s characteristic of state capitalism, but not of most forms of capitalism.
What are benefits of Private Medical cover over the NHS?
Similar to Capitalism vs Communism
Which economy do most countries operate by?
Capitalism.
What does haiti need most?
force Capitalism.
What is the most distinctive feature of capitalism?
growth
