Asked by
Christymarie Cantu
on Oct 13, 2024Verified
Private ownership of nearly all of a nation's land,labor,capital,and entrepreneurial ability is common to
A) communism.
B) fascism.
C) socialism.
D) None of these choices are true.
Private Ownership
The holding of property by non-governmental legal entities or individuals, allowing for control over assets and their use within the confines of the law.
Entrepreneurial Ability
Ability to recognize a business opportunity and successfully set up a business firm to take advantage of it.
Fascism
A political ideology that emphasizes authoritarian nationalism, centralization of power, suppression of dissent, and often a dictatorial leadership.
- Identify the distinctive features that set apart capitalist, socialist, and centrally planned economies.
Verified Answer
AK
Learning Objectives
- Identify the distinctive features that set apart capitalist, socialist, and centrally planned economies.