Traditional: Based on traditions and customs
Communist: Controlled by the government
Socialist: Equal results for everyone
Market: Based on demand and supply force
I'm not 100% sure if these are right but these are what I think they are.
Answer: Adam Smith described the opposing, but complementary forces of self-interest and competition as the invisible hand. While producers and consumers are not acting with the intent of serving the needs of others or society, they do. Smith argued against mercantilism and was a major proponent of laissez-faire economic policies. In his first book, "The Theory of Moral Sentiments," Smith proposed the idea of an invisible hand—the tendency of free markets to regulate themselves by means of competition, supply and demand, and self-interest. 1
Explanation:
Answer:
Greek Influence on U.S. Democracy One important tenet of this system is democracy, in which the ultimate power rests with the people. In the case of the United States, that power is exercised indirectly, through elected representatives.
<span>sole proprietorship
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<span>The sole proprietorship is the simplest and basic form of business under which one can operate a business. The sole proprietorship is not a defined legal entity. It basically refers to a person who owns the business and most importantly the owner is personally responsible for its debts</span>
