The Key Difference Between Economic Systems Is the Different Ways

question 24

Short Answer

The key difference between economic systems is the different ways in which they manage
the factors of production.
the transportation of goods within their borders.
government rules and regulations.
the payment of workers.
none of these answers is accurate.

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Definitions:

Traffic Congestion

The condition on transport networks that occurs as use increases and is characterized by slower speeds and longer trip times.

Privatize National Defense

The concept of transferring national defense responsibilities from the government to private entities.

Public Good

A commodity or service that is provided without profit to all members of a society, either by the government or a private individual or organization.

Cost-Benefits Analysts

Professionals who evaluate the economic advantages and disadvantages of a decision by comparing the costs of an action to its benefits.