In a ______ Economy,the Allocation of Resources Is Governed by Voluntary

question 44

Multiple Choice

In a ______ economy,the allocation of resources is governed by voluntary trading among businesses and consumers.

• A) capitalist
• B) communist
• C) socialist
• D) traditional

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Definitions:

Supply Chain

The network of organizations, people, activities, information, and resources involved in creating a product from supplier to consumer.

Data Analytics

The process of examining, cleaning, transforming, and modeling data with the goal of discovering useful information, informing conclusions, and supporting decision-making.

In-House

Activities or operations performed within a company by its own employees instead of being outsourced to third-party providers.

Data Analytics

The method of analyzing, purifying, converting, and designing data to uncover valuable insights, guide conclusions, and aid in making decisions.