Which type of economic system would more closely subscribe to the doctrine of laiss
state ownership
free enterprise (capitalism)
communism
socialism

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06-06-2024
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Which type of economic system would more closely subscribe to the doctrine of laiss
state ownership
free enterprise (capitalism)
communism
socialism

Sagot :

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GinnyAnsweridn GinnyAnsweridn · Answer 1 · 2024-06-06T22:10:28-04:00

Final answer:

Capitalism involves private ownership, socialism government ownership, and communism complete government control of productive resources.

Explanation:

Capitalism: Private ownership of productive resources where decisions are made by consumers and businesses, creating more wealth but with uneven distribution. Socialism: Government ownership of resources, with decisions made by public agencies, aiming for more equality but less efficiency. Communism: Complete government ownership of resources and strict control, leading to even distribution but high inefficiency.

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