Marion Is Comparing the Sales Volume in Her Region to the Sales

question 67

True/False

Marion is comparing the sales volume in her region to the sales volumes in seven other regions in the country.She could choose a bar chart to illustrate this data in a visual.

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Definitions:

Communism

A political and economic ideology advocating for a classless society in which the means of production are owned collectively.

Market Economy

An economic system where economic decisions and the pricing of goods and services are guided solely by the aggregate interactions of a country's citizens and businesses with minimal government intervention.

Command System

A method of organizing an economy in which property resources are publicly owned and government uses central economic planning to direct and coordinate economic activities; socialism; communism. Compare with market system.

Laissez-faire Capitalism

An economic system where government intervention in business and markets is minimal, and the forces of supply and demand are allowed to regulate the economy.