free enterprise - the government places few restrictions on the type of business activities or ownership.
command economy- government owns everything
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First, money serves as a medium of exchange, which means that money acts as an intermediary between the buyer and the seller. ... This money is then used to buy shoes. To serve as a medium of exchange, money must be very widely accepted as a method of payment in the markets for goods, labor, and financial capital.
Answer:
core nations exploit peripheral nations
Explanation:
Immanuel Wallerstein is one of the dependency theorists that explains global inequality in the international system, According to his neo marxist theory:
Global stratification occurs as core nations exploit the peripheral nations that basically are producers of raw materials and generate cheap labor force.
The dependency theory suggests that the current capitalist system perpetuates inequalities since it reproduces conditions where global markets are controlled by nations like England or the US that are at the core, while other states are semi peripheral and serve as a bridge.
In other words: Dependency theory states that as long as peripheral nations keep relying on core nations for economic stimulus and access to a larger piece of the global economy, they will never gain the stable and consistent economic growth promised.
