The Various Economic Systems Around the World Are

question 58

Multiple Choice

The various economic systems around the world are:

• A) equally effective at providing for the needs of citizens.
• B) always shaped by the free decisions of producers and consumers.
• C) known collectively as the "command economy."
• D) heavily influenced by a society's political institutions.
• E) based on the ideal of a pure subsistence economy.

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Definitions:

Anomie

A societal condition marked by a breakdown of social norms leading to a state of normlessness, where individuals feel disconnected from the collective conscience.

Normlessness

A state or condition where social norms are absent, weak, or conflicting, leading to social instability and alienation.

Modern Life

Describes the lifestyle and societal conditions that are characteristic of the contemporary era, often associated with technology, urban living, and fast-paced changes.

Opiate of the Masses

A metaphor for something that dulls awareness and leads to passive acceptance, originally describing religion's effect on society and its divisions.