Economic System Questions and Answers (Q&A)

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A free enterprise system, or capitalism, has the specific downfall of uneven distribution of resources, consumer difficulty in obtaining information, and health-risk products. The main goal of the capitalist world is to allow anyone to get up to the top of the world by their own efforts. In...Read More

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Profit will be for the publicsectornot individualor privet owners if it is exist

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Developed countries, have a high proportion of workforce in the tertiary sector. Developing Countries has a high proportion of their workforce in the Primary industries.

1 Answer

Traditional:Desicions are made on what has been done in the past. Ex: Menonites. Command : Desicions are made by central authority, such as dictator, or the government. EX : Nnorth Korea.Marjet desicions are made by all members of society based on own needs and desires. Ex USA. MixedDesicions are...Read More

1 Answer

Uneven distribution of resources, consumer difficulty in obtaining information, and health-risk products

1 Answer

A large planning agency, many government employees, and many social benefits

1 Answer

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