An Economic System That Permits Private Ownership and Control of Small

question 81

Short Answer

An economic system that permits private ownership and control of small businesses but where the government controls large critical industries is known as
a mixed economy.
socialism.
communism.
capitalism.
mercantilism.

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Definitions:

Capital Gain Distributions

The payments made to mutual fund shareholders from the fund's sale of stocks or assets, subject to capital gains taxes.

Mutual Fund

An investment vehicle made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, and other assets.

Schedule D

Schedule D is a tax form used to report capital gains or losses from the sale of capital assets, including stocks, bonds, and real estate.

Average Cost

A method of calculating the cost of inventories based on the average cost of all similar goods available during the period.