The Goals to Be Achieved, or the End States of Existence

question 28

Multiple Choice

The goals to be achieved, or the end states of existence, are called:

• A)instrumental values
• B)terminal values
• C)lifelong values
• D)permanent values

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Definitions:

Command Systems

Economic systems where production, investment, prices, and incomes are determined centrally by a government.

Pure Capitalism

An economic system characterized by private ownership of the means of production, minimal government intervention, and the free market determining prices and distribution of goods.

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.