Asked by
Amira Crosby
on Dec 12, 2024Verified
"Free market capitalism" is:
A) The theory that free trade should be developed so that nations choose to specialize in certain goods that give them a competitive advantage.
B) The theory that nations should be able to establish open, tax-free trade for goods.
C) The system that supports equal distribution of property.
D) The theory that people control the market.
Free Market Capitalism
An economic system based on supply and demand with minimal government intervention.
Competitive Advantage
The edge a business has over its competitors, allowing it to generate greater sales or margins and retain more customers.
Tax-Free Trade
Commerce between countries or entities that is exempt from taxes, often to encourage trade or investment.
- Evaluate the advantages and drawbacks of globalization.
Verified Answer
YN
Learning Objectives
- Evaluate the advantages and drawbacks of globalization.