A Form of Economic Organization That Relies Primarily on Private

question 232

Multiple Choice

A form of economic organization that relies primarily on private ownership of productive assets, freedom of exchange, and market prices to allocate goods and resources is often called

• A) national socialism.
• B) the welfare state.
• C) a corporate economy.
• D) capitalism.

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Definitions:

Bargaining Skills

Abilities used to negotiate favorable terms during discussions, often involving compromise to reach a mutually acceptable agreement.

Accommodating

A conflict management style in which one cooperates with the other party while not asserting one’s own interests.

Cooperates

To work or act together towards a common goal or purpose.

Asserting Interests

The act of clearly and confidently making one's desires or needs known, often in the context of negotiation or conflict resolution.