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.
Port Arthur, Tsushima Straits Along the railway line from Port Arthur to Harbin Along the Vladivostok Ports.
hope this helps!
-Payshence
Both the reformation and rennaissance that followed the Dark ages or the Medieval ages both had a positive consequence for cultural change in terms of the culture we're witnessing and experiencing today. Both movements brought about different ways of thinking which have substantially revitalized the way the world was viewed at the time.
Though a map is missing, looking up any map of Germany it is easy to realize its advantageous position right in the heart of Europe. Trade and cultural exchange with Northern, Southern, Eastern and Western Europe is easy because of the above mentioned position in the European continent. Furthermore, Germany has easy access to the Baltic Sea to the East, linking the country to Scandinavia and the eastern European countries such as Poland and Russia, plus it also has easy access to virtually any other part of the world because of its main seaport: Hamburg.To the West, the Rhine River has served Germany for centuries as an important waterway of communication with the Benelux countries and France. To the South, it is in direct contact or relatively close to other important countries in the region such as Austria, Switzerland, the Czech Republic, Italy, etc.
