Author Question: ________ is an economic system in which the individuals and firms, rather than the government, have ... (Read 57 times)

jjjetplane · **on:** Jul 8, 2018

________ is an economic system in which the individuals and firms, rather than the government, have rights to make all decisions about buying and selling private property such as land, stock, commodities, or productive industries.

A. Command economy
B. Public ownership
C. Free market
D. Planned economy
E. Interventionist state

Question 2

State-led development strategies are more concerned about the economic and social well-being of the poor and have large welfare-state policies when compared to states following social democracy.

Indicate whether this statement is true or false.