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Colt1911 [192]
3 years ago
15

Which of the following are charateristics of both Capitalism and Socialism?

History
1 answer:
muminat3 years ago
3 0

Answer:

Cpaitalism-Most of the product is privately owned and the

free market is based on supply and demand.

Socialism-Is a controlled market by the state or Government has no free market but has welfare befits.

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A capitalist/free enterprise economy is often characterized by -
Hitman42 [59]

Answer:

K) private ownership and limited government interference.

Explanation:

An economy is a function of how money, means of production and resources (raw materials) are carefully used to facilitate the demands and supply of goods and services to meet the unending needs or requirements of the consumers.

Basically, there are four (4) main types of economy and these are;

I. Mixed economy.

II. Free-enterprise (capitalist) economy.

III. Traditional economy.

IV. Command economy.

A free-enterprise economy also referred to as capitalism or free market can be defined as a type of economy in which prices, products and services are being determined by the market rather than the government. Thus, a free-enterprise economy is devoid (free) of government regulations, interference or control because the market (enterprises) are the ones who are saddled with the responsibility of determining the market forces.

Simply stated, a free-enterprise system is a type of economy that is completely driven by demand and supply of goods and services.

Hence, a capitalist or free enterprise economy is often characterized by private ownership and limited government interference.

6 0
2 years ago
In 1773 was lorraine france under the control of france or germany?
Aloiza [94]
Lorrain france was under frances control
4 0
3 years ago
In the 1950s, what did the term "totalitarianism" describe?
egoroff_w [7]

Answer:

The correct answer is <u>D</u>: Fascism, Nazism, and Communism.

Explanation:

Shortly after World War II, the word <em>totalitarianism </em>was used to describe regimes of government ruled by a single party, with total control of the military, economy, education, means of communication, with extremely high measures of control over public and private life. In this type of government, one person or party exercises absolute control over all spheres of life, while opposing political parties are strictly prohibited.  

The most notable examples of totalitarian states include:

- Italy under Benito Mussolini (1922 – 1943) – <u>Fascism </u>

- Germany under Adolf Hitler (1933 – 1945) - <u>Nazism </u>

- the Soviet Union under Joseph Stalin (1924 – 1953) - <u>Communism</u>

4 0
3 years ago
How did the U.S. government promote domestic businesses and industries?
natita [175]
Your answer to your question is Advertisement
8 0
3 years ago
TRUE OR FALSe
Verizon [17]

Answer:

False, It's the beginning of the Constitution. If U.S. Citizens become dissatisfied with the way their representatives are governing, there is nothing they can do.

Explanation:

The framers of the Constitution wanted to emphasize the importance of the people.

5 0
3 years ago
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