Most Developed Nations Have Economies That Are Based on the Private

question 4

Multiple Choice

Most developed nations have economies that are based on the private economic system, also known as

• A) capitalism.
• B) planned economy.
• C) oligopoly.
• D) monopoly.

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Definitions:

Smallpox Epidemic

The smallpox epidemic refers to several outbreaks of the smallpox virus throughout history, which had devastating impacts on populations around the globe.

Cultural Diffusion

The spread of cultural elements such as beliefs, practices, and technologies from one society or cultural group to another.

Cultural Group

A collection of people who share common cultural characteristics, such as language, values, customs, and traditions.

Graying of America

A term used to describe the demographic trend in the United States towards a larger proportion of the population being elderly, as a result of aging baby boomers and increased life expectancy.