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
What achievements did American troops accomplish in the European theatre following D-Day
skad [1K]
They achieved weakening the Nazis and helping to boost morale of the allied powers.
3 0
3 years ago
Which philosophy applies to the famous case, brown v. board of education (1954)? why?
docker41 [41]
Your answer would be, The philosophy of Judicial Activism was used in Brown v. Board of Education, Because, it allowed for a complete policy shift, and moved away from the "Separate but Equal" which was ok before this.




Hope this helps!!!
5 0
3 years ago
What was the main advantage the Persians had over the Greeks during battle?
Tema [17]

Answer:

1. it was narrow pass on the massive persian army's front line got smaller as it pushed through. 2. The Greek soldiers had better weapons and armor and were better at hand to hand combat.

3 0
3 years ago
What Are Federalist's viewpoints on ratifying the constitution?
Mandarinka [93]

Answer:

Federalists believed in a centralized national government and believed in the making of the Constitution.

4 0
3 years ago
What were some of the characteristics of trench warfare?
erica [24]
Harsh Conditions Starvation Trench Foot
The stalemate continued for so long because neither side could gain the advantage because they were shot attempting to cross no mans land
3 0
3 years ago
Other questions:
  • 1) Limiting the amount of personal information available to others includes reducing your ______________ footprint, and personal
    5·1 answer
  • Which of the following terms best describes the Islamic religion? A.)Ummah B.)polytheist C.)monotheist D.)Shariah
    6·2 answers
  • HELP PLEASE IXL REPEAT IXL MATH HELP HELP
    10·1 answer
  • Name the temples of Babylon ​
    13·1 answer
  • The term ________ was first used in the early 19th century in response to the excessive poverty and inequality that accompanied
    9·1 answer
  • Which statements correctly describe the persuasion Empire​
    10·1 answer
  • Please answer!!!
    8·1 answer
  • GIVING BRAINEST
    15·2 answers
  • 1 point
    14·1 answer
  • How is Egypt different than Mesopotamia?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!