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.
Basic extractive activities are classified as ...
The tax levied on locally produced goods is ...
One of the main achievements of the Economic Commission for Africa is ...
Which of the following would most likely be considered an example of benefit taxation? ...
A point X inside the production possibility curve indicates that ...
As a firm increases its output, the average fixed cost ...
In order to add value to Nigeria agricultural produce, there is need to ...
Which of the following is NOT a character of perfect competition? ...