Which of the Following Are the Three Broad Types of Economic

question 39

Multiple Choice

Which of the following are the three broad types of economic systems?

• A) market economy, combined economy, production economy
• B) market economy, post-industrial economy, industrial economy
• C) combined economy, separate economy, mixed economy
• D) ordinance economy, production economy, political economy
• E) market economy, command economy, mixed economy

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Definitions:

Power

The power to shape or control the conduct of individuals and the flow of occurrences.

Inequality

The uneven distribution of resources, opportunities, and rights among people, leading to social disparities and discrimination.

Durkheim

A pioneering French sociologist, Emile Durkheim, known for his foundational work on social solidarity, religion, and the concept of the social fact.

Collective Conscience

The shared beliefs, morals, and attitudes that operate as a unifying force within society.