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
levacccp [35]
3 years ago
8

How does a free enterprise economic system differ from a communist economic system?

History
1 answer:
Juli2301 [7.4K]3 years ago
8 0

Answer:

In a communist economic system, there is common ownership of the means of production, while in a free enterprise economic system, there is private ownership of the means of production.

For example, under communism, the workers of a factory own the factory, while under a free enterprise economic system, the workers do not own the factory, the factory is owned by other people who benefit from the profits.

In a communist economic system, the economy is planned. Either a central or a local authority determines what to produce, for who, and how. In a free enterprise economic system, the economy is allowed to move freely, and all consumers and producers indirectly influence the direction of the economy through the forces of supply and demand.

You might be interested in
How did the slave trade affect gender relations in Africa?
Aliun [14]
A men were enslaved, so polygamy became more common in Africa society
5 0
3 years ago
Legislative Branch - Web Quest
Pepsi [2]
Speaker of the house role- is responsible for administering the oath of office to the Members of the U.S. House of Representatives, giving Members permission to speak on the House floor, designating Members to serve as Speaker pro tempore, counting and declaring all votes, appointing Members to committees, sending bills. The house Majority leader role is The leaders serve as spokespersons for their party's positions on issues. The majority leader schedules the daily legislative program and fashions the unanimous consent agreements that govern the time for debate. The house majority whip role The Majority Whip is an elected member of the majority party who assists the Speaker of the House and the majority leader to coordinate ideas on, and garner support for, proposed legislation. The house minority leader role is The minority leader is responsible for leading the minority party in the U.S. House of Representatives. These responsibilities include speaking for the party and its policies, protecting the minority's rights, and nominating minority party Members to committees. The House minority whip role is The majority and minority whips (and their assistants) are responsible for mobilizing votes within their parties on major issues. In the absence of a party floor leader, the whip often serves as acting floor leader. The senate majority leader role is The leaders serve as spokespersons for their party's positions on issues. The majority leader schedules the daily legislative program and fashions the unanimous consent agreements that govern the time for debate. ... The majority leader has also come to speak for the Senate as an institution. The senate majority whip role is The main function of the Majority and Minority Whips is to gather votes of their respective parties on major issues. As the second-ranking members of Senate leadership, if there is no floor leader present, the Whip may become acting floor leader.
4 0
3 years ago
Specialization can help a country‘s economy by
Ivahew [28]

Specialization can boom productiveness and offer a comparative gain for a corporation or economy. A country achieves economies of scale and by attaining a greater advantage in the specialized area.

<h3></h3><h3>What do you mean by Specialization?</h3>

Specialization is a way of manufacturing wherein an entity specializes in the production of a confined scope of products to benefit an extra degree of efficiency.

Microeconomic specialization includes the character actors and financial components, and macroeconomic specialization includes the large gain an economic system holds in production.

Therefore, Specialization can boom productiveness and offer a comparative gain for a corporation or economy.

Learn more about Specialization in economics here:

brainly.com/question/15115779

#SPJ1

3 0
2 years ago
Which of the following is NOT one of the reasons mentioned for while people immigrated into the United States?
Ivenika [448]

Answer:

Family Vacation because it is talking about immigration and not having a vacation to the United States.

5 0
3 years ago
Read 2 more answers
When was the feather pen invented?
Natasha_Volkova [10]

Answer:

600 to 1800 AD.

Explanation:

The feather pen was invented in 600 to 1800 AD by travelers.

5 0
3 years ago
Read 2 more answers
Other questions:
  • How did France play a role in Americans moving west ?
    15·1 answer
  • How far is river oaks texas from houston texas?
    9·1 answer
  • By Virginia law, what was the child of a slave woman and a free man considered?
    14·2 answers
  • How many troops did napoleon lose between june and december 1812?
    11·1 answer
  • When did the French establish quebec
    15·1 answer
  • How did the crusades affect the european social structure and trade??
    6·1 answer
  • According to myers, in 2003 american and british leaders justified attacking iraq not as a hostile effort to kill iraqis, but as
    9·1 answer
  • Verse 22.39 in the Qur'an -- Permission to take up arms is hereby given to those who are attacked , because they have been wrong
    13·1 answer
  • What was the result of the Peace of Augsburg in 1555?
    11·1 answer
  • From who's perspective is the story told Mighty Kate ?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!