A System in Which the Government Essentially Owns and Controls

question 139

Multiple Choice

A system in which the government essentially owns and controls all production is called

• A)capitalism.
• B)socialism.
• C)a market system.
• D)a laissez faire system.
• E)a mixed economy.

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Definitions:

Debt Covenants

These are conditions imposed by lenders (creditors) that borrowers (debtors) must agree to and adhere to as part of the terms of a loan agreement.

Computer System

A combination of hardware, software, and peripherals working together to execute specific tasks or processes.

Bond Indenture

A legal contract outlining the terms and conditions between bond issuers and bondholders, including information such as interest rates and maturity dates.

Debenture Bonds

Financial securities issued by a company that are backed only by the issuer's creditworthiness and general reputation, not by physical assets.