What Are the Two Basic Types of Economic Systems That

question 20

Multiple Choice

What are the two basic types of economic systems that distinguish contemporary societies?

• A) capitalism and communism
• B) capitalism and socialism
• C) socialism and communism
• D) capitalism and democracy

---

Definitions:

Katz

A reference to Daniel Katz, a psychologist known for his work in organizational behavior, particularly regarding motivations and attitudes of employees.

Management Function

The roles and activities undertaken by managers to ensure the organization's objectives are met, typically including planning, organizing, leading, and controlling.

Affirmative Action Program

A policy or a set of measures aimed at increasing the opportunities for historically underrepresented groups in areas such as education, employment, and business.

Emotional Intelligence

The capacity to identify, comprehend, and control one’s own feelings as well as the feelings of other people.