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In which of the following economic systems does the state makes almost all economic decisions and own almost all the major factors of production, including housing for its people? A. Capitalism B. Socialism C. Communism D. Mixed
Weegy: A. Capitalism (More)
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Business and Money|No Subcategories|Expert Answered
Updated 7/22/2013 12:25:44 PM
1 Answer/Comment
The economic system in which the state makes almost all economic decisions and own almost all the major factors of production, including housing for its people is COMMUNISM.
Added 7/22/2013 12:25:44 PM
A __________ is one in which decisions about what to produce and in what quantities are made by the market. A. free market B. socialist market C. communist market D. green market
Weegy: B. socialist market (More)
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Asked 7/22/2013 12:44:28 AM
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__________ refers to the quantity of products that people are willing and able to buy at different prices at a specific time. A. Profit B. Supply C. Demand D. Resource equivalence
Weegy: refers to the quantity of products that people are willing and able to buy at different prices at a specific time. C. Demand (More)
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Asked 7/22/2013 12:48:35 AM
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Which of the following is NOT an example of distribution of profits under socialism? A. Health care benefits B. Retirement benefits C. Choice of jobs D. Higher education at no cost
Weegy: Socialism is an economic system characterised by social ownership of the means of production and co-operative management of the economy.[1] "Social ownership" may refer to cooperative enterprises, common ownership, state ownership, [ citizen ownership of equity, or any combination of these.[2] There are many varieties of socialism and there is no single definition encapsulating all of them.[3] They differ in the type of social ownership ... (More)
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Asked 7/22/2013 12:47:45 AM
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