Well, capitalism is not always a free-market economy.
A typical capitalism is a free-market economy, which means that the market itself (buyer and sellers) can decide the prizes and terms of services.
In capitalism, the capital is privately, and not state owned. But capitalism can also come in other forms: of social democracy with partially free market, and with other forms which include corporations having controls over the market.
Samhainophobia is a fear of halloween
Observation skills, you could make inferences and predictions
a. In the prisoners' dilemma game self-interest leads each prisoner to confess. to a breakdown of any agreement that the prisoners might have made before being questioned to an outcome that is not particularly good for either prisoner.
What is prisoners' dilemma game?
The prisoner's dilemma is a common illustration of a game explored in game theory that demonstrates why two logical people could disagree even though it seems to be in their best interests to collaborate.
The possible outcomes:
- If A and B each betray the other, each of them serves two years in prison
- If A betrays B but B remains silent, A will be set free and B will serve three years in prison
- If A remains silent but B betrays A, A will serve three years in prison and B will be set free
- If A and B both remain silent, both of them will serve one year in prison (on the lesser charge).
Learn more about prisoners' dilemma here:
brainly.com/question/22597804
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