Which "Type" of Capitalism Was Most Characteristic of the World

question 4

Multiple Choice

Which "type" of capitalism was most characteristic of the world economy in the mid-twentieth century:

• A) Competitive
• B) globalized
• C) organized
• D) laissez faire

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Definitions:

Age Of Majority

The threshold of adulthood as recognized by law, typically 18 years old in many countries, marking the point at which a person is legally considered an adult.

Right To Contract

The legal ability of an individual or entity to enter into binding agreements.

Great Britain

The island comprising England, Scotland, and Wales, often used to refer to the United Kingdom which includes Northern Ireland.

Mental Illness

A broad range of medical conditions that affect a person's thinking, feeling, mood, and behavior.