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.
Answer:
What exactly was Thomas Jefferson's foreign policy? Thomas Jefferson's foreign policy was to trade with both France and England without getting involved in their disputes. This was illogical and problematic as both sides regarded mutual trade as an act of war.
Explanation:
What exactly was Thomas Jefferson's foreign policy? Thomas Jefferson's foreign policy was to trade with both France and England without getting involved in their disputes. This was illogical and problematic as both sides regarded mutual trade as an act of war.
The movie the Hunt For Red October and the movie the Manchurian Candidate are great Cold War movies
Answer:
Check out some of the best specialty meat dishes in Finland and ... Karelian pot roast, for example, makes up the main dish for Christmas dinner in Eastern Finland. ... You can easily eat a reindeer bagel at a chain cafe or put bear meat ... Christmas specials, but their meat has not only been an integral part ...
Explanation:
