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Elis [28]
3 years ago
7

What are the three basic economic systems in the world

Social Studies
2 answers:
Juliette [100K]3 years ago
5 0

Answer:

Capitalism, Socialism, Communism

Explanation:

Valentin [98]3 years ago
5 0

Answer:

MRCORRECT has answered the question

Explanation:

The three systems generally considered the major economic systems in the world are: Capitalism, Socialism, and Communism. CAPITALISM has certain characteristics: Private ownership of property and of the means of production is the rule.

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<h3>Who was Albert Bandura?</h3>

He was an Canadian-American psychologist that worked at Stanford University as a Professor Emeritus of social science in psychology and philosophy of action.

In 1997, he published his book titled "Self-Efficacy which entails The Exercise of Control" which typically deals with an individual's belief in his or her own competence.

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