Answer:
Make sure prices of goods and services are set by supply and demand .
Explanation:
The economies of the United States and other countries, such as Japan, are based on capitalism. ... Decisions regarding investment and the use of the means of production are determined by competing business owners in the marketplace. Production takes place within the process of capital accumulation.
Countries that have a market economy are Mexico, United States, United Kingdom, Germany, and Canada . These countries have a market economy because the prices of goods and services are set by supply and demand .
The available options are:
(1) Economic competition is inefficient and wasteful.
(2) Strong labor unions are essential to the health of the economy.
(3) Natural resources belong to all citizens and should not be used for private gain.
(4) Concentrating economic power in the hands of a few individuals is a threat to the country.
Answer:
Economic competition is inefficient and wasteful
Explanation:
The statement best describes an attitude shared by John D. Rockefeller, Andrew Carnegie, and J. P. Morgan is "Economic competition is inefficient and wasteful."
This is evident in the fact that all these three aforementioned wealthy Americans were popularly known for their tendency to develop any form of monopoly in their various business industry.
To them, the existence of economic competition leads to inefficiency. Hence, they always prefer to eliminate the competition, before committing massive investments for the needed growth and development, instead of outwitting the competitors.
The Battle of Antietam was the single bloodiest day of the American Civil War and is considered one of the major turning points of the war. ... The North was able to use the victory to raise morale, keep the South from gaining diplomatic recognition, and emancipate the slaves in the rebel states.
The goal was to gain wealth for themselves and their country and to convert natives to Christianity
