Which Term Do We Use to Refer to an Economic

question 84

Multiple Choice

Which term do we use to refer to an economic system under which all property is communally owned and no social distinctions are made on the basis of people's ability to produce?

• A) communism
• B) socialism
• C) laissez-faire capitalism
• D) contemporary capitalism

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Definitions:

Matrix

A surrounding substance or environment in which something else develops, operates, or is contained; in biology, the intercellular substance of a tissue.

Modified Wave

A scheduling strategy used in healthcare settings to allow for both walk-in and scheduled appointments, aiming to reduce waiting times and improve patient flow.

Cluster

A group of similar things or people positioned or occurring closely together.

Referral

The process of directing someone to another professional or agency for additional services or expertise.