Answer:
9.72
Step-by-step explanation:
Answer:
Estimated is close but not completely correct, and true value has the highest accuracy.
Step-by-step explanation:
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Hello!
In a Capitalist Economic System, the government is expected to guarantee the respect to private property, promulgate laws that defend economic freedom, and is an intermediary between the private sector and society. In this economic system, the government is reduced an doesn't intervene in the free market.
In a Socialist or Communist Economic System, the government redistributes goods and services, takes the means of production (private property) from their owners to put them in service of the working class, promulgate laws that limit economic freedom and heavily intervenes in the market and economy.
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Here are the Three Main Economic Questions
1) Who consumes the goods and services produced in society?
2) What goods and services must be produced in society?
3) How should goods and services be produced in society?
These questions are very important because it deals on how available resources are allocated to produce essential goods and services demanded by consumers.