Answer:
False
Explanation:
The characteristic of a capitalist economy is private ownership of businesses and means of production. It depends on free market for income prices and distribution of goods. while a socialist economy is characterised by government intervention for allocating the resources among its populations, prices are determined by the government.
Most of the countries today are mixed economies in which features of both capitalist and socialist economies are utilised as pure free market economies are prone to slowdowns, such a slowdown started in October 1929 in US. After that US government started to intervene in economic activities to achieve social aims. Mixed economies maintain private ownership and control of the means of production under government regulation, some industries are also under government control to produce public goods.
<em>US is a mixed economy.</em>
Answer:
Explanation:
The effect that the collapse of the Western Roman Empire had on Western Europe was that Former Roman lands were divided into several Germanic kingdoms. Odoacer, the Germanic leader overthrew Romulus -the last Roman Emperor- in 476 CE. The Barbarians tribes such as the Goths had invaded many parts of the Western empire.
Answer:Hugh Henry Brackenridge (1748 – June 25, 1816) was an American writer, lawyer, judge, and justice of the Supreme Court of Pennsylvania. A frontier citizen in discover
Explanation:
The answer is "All beliefs"