Business Insider

— is a system that a country chooses to allocate its resources and distribute its goods and services.

(a)  

Which economic system has this characteristic, People are not allowed to own property.

• Market economy

• Global markets

• Planned economy

• Mixed economy

A mixture of private and government control of the economy is known as the…..

• Mixed equilibrium

• Agreement on the terms

• Mixed economy

• Mixture of economies

….. refers to how economies of other countries have become interconnected

• Foreign exchange

• Globalisation

• Global economy

• Economic globalisation

In a market economy the aim of making a business is….

• To make no profit d

• To pay government debts

• Let government be in control

• To make profit

Which of one of the following countries use Mixed economy do distribute their Factors of Production

• china

• Cuba

• Zimbabwe

• South Africa

Mixed economy …

• Adapts easily to changinge

• Adapts very late to change

• Does not need government intervention

Every individual can enter into the market and create a very tough competition m.

• Global economy

• Private properties

• Free market economy

• Uncapped economy

Which of the following countries does not require government contro

• New Zealand 🇳🇿

• China 🇨🇳

• Noth Korea

• Cuba 🇨🇺

If a certain country has limited or scarce basic needs and wants and ruled by a chaotic leadership, that tell us that a certain country follows a ……. Economic system

• Planned

• Mixture

• Mixed

• Free market