The Three Major Types of Economic Systems Are ______

question 88

Multiple Choice

The three major types of economic systems are ______.

• A) capitalism, planned economies, and mixed economies
• B) capitalism, pure competition, and planned economies
• C) capitalism, monopoly, and mixed economies
• D) capitalism, oligopoly, and planned economies

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Definitions:

Disclose Purpose

The act of making known the intention or reason behind an action or decision, especially in formal or professional settings.

Informed Consent

A process ensuring participants are fully aware of the implications and potential risks before agreeing to partake in research or medical procedures.

Research Benefits

The positive outcomes or gains from conducting research, including new knowledge, improved practices, or contributions to societal well-being.

Opportunity to Withdraw

The option or right given to participants, especially in research or agreements, to disengage or leave at any point without any penalties.