Although Free Markets and Democracy Can Still Be Found Around

question 80

True/False

Although free markets and democracy can still be found around the world, the tide has been running in favor of command economies and totalitarian dictatorships.

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Definitions:

Upward Mobility

The ability or opportunity for individuals or groups to improve their economic status or social class.

Highly Industrialized

Describing economies or societies where manufacturing and secondary industries dominate, characterized by advanced technological infrastructure and significant industrial output.

Wealthy Industrialized

Refers to nations or societies that have high levels of industrial activity, resulting in significant economic wealth and a high standard of living.

Natural Resources

Natural resources are materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain.