In This Type of Economy, People Act in Their Own

question 39

Multiple Choice

In this type of economy, people act in their own self-interests with little if any government regulation.

• A) Traditional economy
• B) Command economy
• C) Market economy
• D) Mixed economy

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Definitions:

Business Leaders

Individuals recognized for their vision, leadership, and ability to influence in the business community.

Attributes

Characteristics or features of an object, person, or entity that are considered in analysis or decision-making.

Mintzberg

Henry Mintzberg, a renowned academic and author on business and management, known for his work on organizational structures and management strategy.

Organize

The act of arranging or structuring elements in a systematic way to achieve a specific goal or manage activities efficiently.