What Is the Type of Economic System That Relies on One

question 201

Multiple Choice

What is the type of economic system that relies on one central authority to make economic decisions?

• A) free market
• B) price system
• C) command and control
• D) mixed economic system

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Definitions:

Personality Development

The growth and changes in an individual's character and behavioral traits over time, shaped by both genetic factors and environmental influences.

Family

A societal unit consisting of individuals related by blood, marriage, or other agreed-upon relationships, providing emotional and economic support to its members.

Masculinity

A set of attributes, behaviors, and roles traditionally associated with boys and men, often emphasizing traits such as strength, assertiveness, and leadership.

Cultural Value

A principle or standard that is considered important and upheld by members within a specific cultural group.