Economic Systems Differ from One Another Based on Who Owns

question 36

Multiple Choice

Economic systems differ from one another based on who owns the factors of production and

• A) how many resources are available in the economy and where they are located.
• B) how economic activities are coordinated and directed.
• C) what kinds of products are produced in the economy and how they are sold.
• D) how big the population is and the makeup of the population.

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Definitions:

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