Ask Question
9 August, 04:18

In which type of economic system does government play the smallest role?

Communism

Socialism

Mixed economy

Capitalism

+2
Answers (2)
  1. 9 August, 04:21
    0
    Government plays the smallest role in Capitalism.

    Explanation:

    Capitalism is an economic system in which wealth and means of production are privately owned. In a capitalist system, individuals, either alone or with others, own, operate and trade real estate, labor and capital. Investment, distribution, revenue, production, pricing and supply of goods and services are determined by independent voluntary private decisions in a market economy. One characteristic of capitalism is that each individual owns his or her own working capacity and can therefore sell it to employers. In this context, "privately owned" would mean something that is not owned or controlled by the state and run for profit.
  2. 9 August, 04:44
    0
    Socialism is the type of economic system that plays the smallest role in government.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “In which type of economic system does government play the smallest role? Communism Socialism Mixed economy Capitalism ...” in 📗 Social Studies 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