This Type of Economic System Uses Private Property Ownership and Public

question 33

Multiple Choice

This type of economic system uses private property ownership and public resource allocation decisions.

• A)Command capitalism
• B)Market socialism
• C)Command socialism
• D)Market capitalism

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Definitions:

Overloading

A situation where an individual or system is given more work or information than can be handled comfortably or efficiently.

Skill Set

A collection of skills and abilities that an individual possesses, which can be applied in various jobs, tasks, or projects.

Realistic Goals

Objectives set that are achievable and based on practical considerations of actual conditions.

Responsibility

The obligation to carry out assigned tasks, make decisions, and bear the consequences of actions.