A System in Which Individuals, Rather Than the Government, Make

question 59

Multiple Choice

A system in which individuals, rather than the government, make the majority of economic decisions is commonly referred to as a ________.

• A)command economy
• B)market economy
• C)private economy
• D)mixed economy

---

Definitions:

Legitimate Power

Authority that is recognized and accepted by others within an organization or society based on a person’s position or role.

Self-Determination

A human psychological need or ability involving the control over one's own life, actions, and future, leading to increased motivation and fulfillment.

Machiavellian Tendencies

Machiavellian tendencies describe a person's inclination to be cunning, strategic, and unscrupulous in manipulating others for personal gain, drawing from the philosophy of Machiavelli.