An economic system in which the decision on what and how ...
An economic system in which the decision on what and how to produce is determined by the individual is called
Capitalism
Communism
Socialism
Traditionalism
Welfarism
Correct answer is A
Capitalism is an economic system in which private individuals or businesses own capital goods, and decide what and how to produce goods.
Which of the following is not a negative effect of inflation ...
The following are economic agents in any economy EXCEPT ...
Given that FC = N500, VC = N1,500, and Q = 50 units. Find the average cost of the product. ...
A change from one industry to another by a worker is an example of ...
When elasticity is zero, the demand curve is ...
Which of the following is not a trade union in Nigeria? ...
The ownership of a public limited liability company is made up of ...
If commodities A & B are jointly demanded, what will be the effect of an increase in the price o...