An Economic System Where Production Activities Are Decentralized to Private

question 14

Multiple Choice

An economic system where production activities are decentralized to private owners who carry out these activities to make a profit is known as a

• A)Capitalist economy.
• B)Command economy.
• C)Socialist economy.
• D)Mixed economy.

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Definitions:

Deliberate Influence

The intentional exertion of power or effect on others to bring about desired outcomes.

Definitions

Clarifications or explanations of the meaning of words, terms, or concepts.

Leadership

The action of leading a group of people or an organization by influencing and guiding them towards achieving common goals.

Leadership Theories

Various concepts and models that explain the nature, effectiveness, and consequences of leadership within organizations.