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.
Answer:
The Effect of the Monsoon on the Indian Society in Cochin, Kerala. The monsoon holds the power to promote or devastate India ’s economy. Indeed, India has the potential to be a lot more prosperous were it not for the fickleness of the monsoon.
Explanation:
There are 7,100 islands in the Philippines
In New England, long winters and thin, rocky soil made large-scale farming difficult.New England farmers often depended on their children for labor. Everyone in the family worked—spinning yarn, milking cows, fencing fields, and sowing and harvesting crops. Women made cloth, garments, candles, and soaps for their families.
Throughout New England were many small businesses. Nearly every town had a mill for grinding grain or sawing lumber. People used waterpower from streams to run the mills. Large towns attracted skilled craftspeople. Among them were blacksmiths, shoemakers, furniture makers, and gunsmiths.
Shipbuilding was an important New England industry. The lumber for building ships came from the region's forests. Workers floated the lumber down rivers to shipyards in coastal towns. The Northern coastal cities served as centers of the colonial shipping trade, linking the Northern Colonies with the Southern Colonies—and America with other parts of the world.
Fishing was also important. Some New Englanders ventured far out to sea to hunt whales for oil and whalebone.
The cities could offer museums, festivals, fairs, theaters, restaurants, and whatever else they may think will catch a person's attention so greatly.
