Ask Question
BusinessBusiness
21 April, 17:06

What type of economic system are you a part of?

+5
Answers (1)
  1. 21 April, 17:20
    0
    As I live in the US, I am the part of capitalistic economic system.

    Explanation:

    There are different types of economic system followed by different countries in the world. Economic system may be socialistic, communistic or capitalistic. Capitalism is the type of economic system where capitals are under the control and owned privately or corporately through private investments rather than state control. It is characterized by the determining production of goods, prices of the products and distribution of the products. It uses markets for the effective utilization of the produced goods. The economy is maintained by the capital profit made from the use of these goods.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What type of economic system are you a part of? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Professor Milton wants to examine the relationship between brain damage and intelligence levels in adults. She wants to know whether brain damage has any relation to intelligence and, if so, what the extent of this relationship is likely to be.
Answers (1)
Pharoah Corporation had net sales of $2,410,700 and interest revenue of $40,600 during 2017. Expenses for 2017 were cost of goods sold $1,458,400, administrative expenses $219,700, selling expenses $285,300, and interest expense $49,100.
Answers (1)
Why is the net profit margin expressed as a percentage?
Answers (1)
Why do people invest in the stock market
Answers (2)
In a mortgage loan, the borrower always creates two documents: a note and a mortgage. Which of the following pieces of information is provided in the mortgage? A. How the interest rate is to be computed. B.
Answers (1)
New Questions in Business
The primary goals of inventory managers are to maintain a sufficient quantity of inventory to meet customers' needs, ensure inventory quality meets customers' expectations and company standards, and minimize the cost of acquiring and carrying an
Answers (1)
Stacy Hanes is an African-American woman who has recently taken her first job and does not seem to like the work environment at all, Her colleagues put down her ideas at team meetings and refer to them as "stupid.
Answers (1)
The owner of a bicycle repair shop forecasts revenues of $160,000 a year. Variable costs will be $50,000, and rental costs for the shop are $30,000 a year. Depreciation on the repair tools will be $10,000.
Answers (1)
Sagon Corporation has provided data concerning the Corporation's Manufacturing Overhead account for the month of September.
Answers (1)
What is the alternate name for income tax return form1040?
Answers (1)
Home » Business » What type of economic system are you a part of?
Sign Up Forgot Password?