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What is an economic system which says that land business and industry should be owned and run by individual citizens and not by the government?
Wiki User
∙ 14y ago
socialism
Wiki User
∙ 14y ago
A system where land, business, and industry are owned and operated by individual citizens rather than the government is known as capitalism. In capitalism, individuals have the right to own property and make decisions on how to use their resources for economic gain, without government interference or control.
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What Role of government in promoting and regulating business in Nigeria from independence to date?
The Nigerian government plays a key role in promoting and regulating businesses by implementing various policies to support entrepreneurship, drive economic growth, and attract investments. Over the years, the government has introduced reforms, established regulatory bodies, and initiated programs to streamline business procedures, ensure compliance with regulations, and create a conducive business environment. Additionally, the government works to enforce laws, protect intellectual property rights, monitor competition, and address issues related to corruption and infrastructure that affect businesses in the country.
Level of government that people expected to cure the economic ills?
The federal government is typically expected to address and alleviate economic issues. Through fiscal policies, such as spending and taxation, as well as monetary policies, such as setting interest rates, the government aims to stimulate economic growth, reduce unemployment, and stabilize the economy in times of crisis.
Put sanction in a sentence?
The government decided to impose economic sanctions on the country for violating international agreements.
What are the roles of government.?
This is definitely a debatable issue. However, here's my take: It is the government's role to evaluate the issue of immigration through the lense of the people's will, the lense of national security, and the lense of historical precendent, and economic stability (to name a few)... It is then necessary for the government (specifically each member of congress individually) to determine what laws (if any) need to be passed/repealed to better regulate/de-regulate immigration activities in order to insure that the people's will, national security, past immigration activity, economic stability, along with a host of other concerns are adequately accounted for. Propose new laws if necessary, vote on these proposed laws and allow them passed into law if agreed upon. Them the executive branch must enforce these laws, and the judicial branch must uphold these laws in their judgments. As for non-government organizations, really there only role is to abide by any such laws. One might argue that businesses who cater to the cheap labor of immigrants are not being responsible. However, so long as the business are not breaking the law in their employment practices, they are within their legal right to do business. I would argue that our current situation is a result of a failure to act on the part of government organizations in order to insure the integrity of our economy and adequately address those concerns above, particularly as it relates to the enforcement of violations to illegal immigrant employment and minimum wage laws.
How long has Plantation Realtors been established?
Plantation Realtors has been going for around ten years. They became very popular when they started and were doing great business but the economic downturn affected them badly. They still exist as a business but have reduced their staffing levels.
Is the economic system in which?
Individual citizens, not governments, should own business, land, and industry. -!JPEN
What are four economic agents?
-individual -family -business -government -internnational sector
Capitalism is the economic system in which?
Individual citizens, not governments, should own business, land, and industry. -!JPEN
The economic system called capitalism says?
individual citizens, not governments, should own business, land, and industry. (Nova Net)
Which economic system says that land business and industry should be owned and run by by individula citizens and not by the government?
This would be capitalism.
What has the author Elizabeth Stoffregen May written?
Elizabeth Stoffregen May has written: 'Government, business, and the individual' -- subject(s): Business, Economic policy, Industrial policy
What was hoovers initial attitude toward government relief?
it was the responsibility of the federal government to provide economic security for U.S. citizens
Do libertarians oppose government intervention in both economic affairs and in the private lives of citizens?
they opposed government intervention only in the economic sector
Match the economic system with the players who are responsible for the important economic decisions.?
Command economy: Government planners. Free-market system: Costumers and producers. Mixed economy: Government officials and producers
What are two major economic problems that have an effect on the nation and individual citizens?
Poverty and Crime
What is a kid friendly definition of capitalism?
Basically an economic system where anyone can start their own business for their own profit. As compared to communism where the state tells you what your job will be. Capitalism is an economic system whereby the government favours individual business achievement over social policy.
An economic condition where government does not regulate or interfere with business'?
Capitalism
