Answer:
The nature of economic systems varies widely from place to place. However, they all help people create and obtain the goods and services they need. Countries form many types of economic systems to meet their citizens' needs and wants. The United States has a market economy.
Answer:
<h3>the government gives entrepreneurs the right to purchase capital i.e.,land which can be used to sustain economic growth.</h3>
Explanation:
If governments can relax property rights and change the laws and policies of property rights in order to give individuals and firms more freedom, it will have a great impact in the economic growth of the country.
This is because if individuals or firms can purchase capital such as land, it will induce the entrepreneurs to take more risks to create new products, ideas, and more technology. Land can be used as an asset to mortgage or to avail loans to enhance productivity of the firms.
Answer:
There are stark differences between public and private prisons. When it comes to overall comparisons, privately run prisons are often less likely to report data on inmate population, staffing, or where the budget was spent. The main difference between the two types of prisons comes down to money.
Each for-profit facility or institution houses people who violated the law. They are run by private, third-party companies rather than the state government, who runs traditional public prison. Private prisons receive their funding from government contracts and many of these contracts are based on the total number of inmates and their average length of time served
Explanation:
