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Feb 14, 2024 · any economic system based upon collective ownership and control of many or most national resources. Study with Quizlet and memorize flashcards containing terms like nationalism, Communism, Bourgeois and more.
Study with Quizlet and memorize flashcards containing terms like economic system, traditional economy, command economy and more.
2 days ago · command economy : a type of national economy in which the government controls all of the means of production, distribution, and labor, and output is determined by a centralize planning authority. domino theory : the belief that if one nation falls to communist control, others in the region are more likely to do so.
Whi ch of the following is the best definition of economics? A) the study of how a provincial government allocates tax dollars B) the study of how consumers spend their income
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A nation’s economic system is the combination of policies, laws, and choices made by its government to establish the systems that determine what goods and services are produced and how they are allocated.
Government can contribute to economic growth by investing in human capital through the education system, building a strong physical infrastructure for transportation and commerce, increasing investment by lowering capital gains taxes, creating special economic zones that allow for reduced tariffs, and investing in research and development.
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Jul 29, 2024 · The American System was important to United States history because it was one of the first national economic plans, driven by the Federal Government, that was intended to create a nationwide economy. The system is remembered for being beneficial to the North and West and opposed by the South.
