An Economic System Where Production Activities Are Decentralized to Private

question 14

Multiple Choice

An economic system where production activities are decentralized to private owners who carry out these activities to make a profit is known as a

• A)Capitalist economy.
• B)Command economy.
• C)Socialist economy.
• D)Mixed economy.

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Definitions:

Cultural Symbols

Objects, figures, or colors that represent specific ideas, values, or traditions within a culture.

Marketers

Individuals or companies that promote, sell, and distribute a product or service to consumers, often focusing on strategies to increase demand and market share.

Etic Perspective

The etic perspective is an approach to studying cultures from an outsider's viewpoint, focusing on universal, cross-cultural truths.

Feng Shui

An ancient Chinese practice involving the arrangement of space to achieve harmony and balance with the surroundings.