Which of the following economic systems emerged naturally in the human society and also primarily as...
Which of the following economic systems emerged naturally in the human society and also primarily as a result of the industrial revolution?
capitalism
socialism
communism
feudalism
Homework Answers
Capitalism - is correct
Industrial revolution is responsible for the emergence of capitalism.
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Which of the following economic systems emerged naturally in the
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Course Name: Economics Textbook: Comparing Economic Systems in the Twenty-First Century. Authors: Gregory/Stuart. Edition: 7th Ed. The text defines an economic system as the set of institutional arrangement used to allocate scarce resources the movement of capital between countries. how wealth is distributed and created in a country the natural resource available The high economic growth from the Industrial Revolution was characterized by new opportunities to settle empty areas, particularly North America rapid technological and scientific innovation the expansion of...
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Please explain all questions. Thanks 52. Which of the following statements best illastrates economic growh? a....
Please explain all questions. Thanks
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Which of the following economic systems depends on supply and demand to regulate the availability and price of goods and labor? capitalism communism socialism O social democracy NEXT e here to search O 3 Command economies are economic systems in which states control all aspects of an economy private property is abolished with a system of common ownership Othere is a greater role for the state in controlling the negative aspects of free markets and providing significant welfare benefits government...
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Please explain all questions. Thanks
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