Which of the Following Economic Systems Is Based on the Premise

question 59

Multiple Choice

Which of the following economic systems is based on the premise that some,if not most,basic businesses should be government owned so that profits can be evenly distributed among all the people?

• A) Capitalism
• B) Socialism
• C) Communism
• D) Mixed

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Definitions:

Constitutional Monarchy

A system of government in which a monarch acts as head of state within the parameters of a written or unwritten constitution.

Confederation

A union of sovereign groups or states, united for purposes of common action often in relation to other states but with retained sovereignty.

Institutional Law

Laws and legal principles concerning the functioning and structure of organizations or institutions.

Order

In a parliamentary or legislative context, order refers to the rules and procedures according to which business is conducted and debates are structured.