The Economic System That Has Led to Wealth Creation in Most

question 74

Multiple Choice

The economic system that has led to wealth creation in most of the world is known as:

• A)capitalism
• B)communism
• C)free-trade
• D)all of the choices are correct

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Definitions:

Percentage of Sales

A financial ratio that compares a particular expense or cost to the total sales revenue, often used to analyze cost behavior or performance.

Note Duration

The total length of time until a note payable or receivable matures and is to be repaid or collected.

Rate of Interest

The percentage of principal charged by the lender for the use of its money.

Principal Amount

The initial size of a loan or an investment, excluding any interest or profit that has been added over time.