1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
wariber [46]
3 years ago
10

In a short paragraph, define the term economic systems. Then give two examples of different types of economic systems. Then, giv

e at least 2 similarities and/or differences between the economic systems you chose.
History
1 answer:
user100 [1]3 years ago
8 0

Answer:

An economic system is an organizational system of the resources and production of a given territory, generally a country. In other words, it is the method by which the economic production of a country and the benefits it produces are organized, regulated and distributed.

The two best-known economic systems today are capitalism and socialism. In the first of these, production is regulated through free competition and little or no state regulation, while in the second, state participation occupies a large part of the country's production.

There are marked differences between the two economic systems: for example, capitalism seeks capital investment through low taxes, and strictly respects private property; while socialism seeks high taxes for a further redistribution of economic capacity, and property rights yield to the common welfare.

You might be interested in
Which physical feature includes some of the highest peaks in North America?​
nirvana33 [79]

Answer:

Denali, the continent's highest peak, stands at 6,194 meters (20,320 feet) within Denali National Park and Preserve in the U.S. state of Alaska. Yellowstone National Park, in the U.S. states of Wyoming, Montana, and Idaho, has some of the world's most active geysers.  The rocky mountains include some of the highest peaks in North America

Explanation:

8 0
3 years ago
Read 2 more answers
During Theodore Roosevelt's first 3 years as president....
Svetllana [295]
B. This was why he was called the “Trust-Buster”
4 0
3 years ago
TRUE OR FALSE THE ON WORLD WAR 1....sinking of the Titanic made the United States enter World War I True or False or Option 3​
Morgarella [4.7K]

Answer:

false

Explanation:

i took the test

8 0
3 years ago
How was living in the middle colonies different from living in the northern colonies
Olenka [21]

Answer:

Farming was more successful in the middle colonies.

Explanation:

The northern colonies geography made the soil not as good as the middle colonies and it was more rocky and difficult t grow crops.

3 0
3 years ago
Why did the ancient Chinese organize large groups of people to build and maintain irrigation systems? based on an order from the
mixas84 [53]
"To accommodate for lack of dependable rainfall" would be the best option as to why the ancient Chinese organized large groups of people to build and maintain irrigation systems, since when rainfall would not come for long periods of time, the crops would likely die without proper irrigation. 
7 0
3 years ago
Other questions:
  • What was one argument the American Anti-Slavery society planned to use to promote abolition?
    11·1 answer
  • In 150 to 200 words, assess the American military response to radical Islamic terrorists since 2000. Be certain to note if and h
    15·1 answer
  • Who were the carpetbaggers?
    5·1 answer
  • How did Muslim scholars help preserve learning from the ancient world
    11·2 answers
  • How did nationalism affect Austria-Hungary during WW1.
    14·1 answer
  • What Is The Area Between The Trenches Called During World War 1?
    15·1 answer
  • What’s the point of standardizing weights and measures? What is possible if you and if can each agree on definition of a millime
    10·1 answer
  • Según Demócrito filósofo pre socrático nos dice que el principio o Arjé es el átomo, nos dice el orden de la naturaleza es
    8·1 answer
  • Eli bought snacks for his teams practice. He bought a bag of oranges for $3.43 and a six pack of juice bottles. The cost before
    7·1 answer
  • Prompt: Based on the following documents, evaluate the extent to which the
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!