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Isactuallycarter99
16.09.2019 •
Business
Which choice gives a reason that property rights must be protected in a market economy?
a.the right to property is not guaranteed in command economies.
b.in a chaotic market consumers might lose track of whose property belongs to whom.
c.producers must be ensured that they will be able to sell their products and keep their revenues.
d.if buyers have a right to the property of sellers, then they will be more likely to engage in free trade?
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Ответ:
I believe the correct answer from the given choices is:
C. Producers must be ensured that they will be able to sell their products and keep their revenues
Producers are given the freedom or right to sell their product. They are protected by laws in a market economy.
Ответ:
A socialist economy is an economic system where the government controls the major means of production but property and other businesses may be privately owned.
A communism economy is where the government controls all aspects of production and how resources should be used and what services will be provided. A capitalist economy is where there is little interaction from the government controlling production and property but that the business itself can determine their production levels. A socialist economy is the mixture of the two systems and allows more freedom for privately owned businesses.