The Two Main Forms of Economic Organization Are

question 78

Multiple Choice

The two main forms of economic organization are:

• A)The administrative mechanism within the firm and the market mechanism
• B)The administration by the state and the free market
• C)The visible hand and the pressure from politicians
• D)The invisible hand of the market and micro-economic mechanisms

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Definitions:

Wernicke's Area

A region of the brain in the temporal lobe involved in the understanding of spoken language.

Prefrontal Cortex

The front part of the frontal lobes of the brain, involved in executive functions such as decision making, problem-solving, control of purposeful behaviors, consciousness, and emotions.

Parietal Cortex

A region of the brain located in the parietal lobe, involved in processing sensory information and spatial orientation.

Right Side

Pertaining to the portion of the body or a spatial direction to the observer's right, often in relation to the left side for comparison or direction.