Command Systems Are Also Known as

question 108

Multiple Choice

Command systems are also known as

• A) market systems.
• B) pure capitalism.
• C) laissez-faire capitalism.
• D) communism.

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Definitions:

International Labor Organization

A United Nations agency that sets international labor standards and promotes social protection and work opportunities for all.

Regulatory Power

The authority held by a body or an institution to guide, direct, or control activities within certain fields according to laws or rules.

Minimum Labor Standards

The baseline requirements set by legislation that determine minimum wage, working hours, safety, and other working conditions.

Productivity

The efficiency at which individuals, companies, or economies produce goods or services, often measured as output per unit of input.