In a _____, the Factors of Production Are Owned Collectively

question 143

Multiple Choice

In a _____, the factors of production are owned collectively rather than individually, and no incentives to work harder or to produce quality products are provided.

• A)private enterprise
• B)communist economic system
• C)mixed economy
• D)socialistic
• E)capitalistic

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Definitions:

Proximodistal

A principle of physical growth that states development proceeds from the center of the body outward.

Independence of Systems

The concept that different systems, whether mechanical, biological, or computational, can operate autonomously without interference from each other.

Cephalocaudal

A pattern of growth where development starts at the head and progresses downwards towards the feet.

Ethnic Origin

The background from which a person comes, defined by country, culture, or race, contributing to their unique identity and traditions.