The system where private ownership is widely accepted and supply and demand determine the distribution of goods and services is called:
a.Market economy
b.Communism or socialism
c. Feudalism
d. is the same system currently used in North Korea
2007-02-21 10:53:08 · 5 answers · asked by yummycrummy07 1 in Business & Finance ➔ Personal Finance
A Liberal's nightmare.
2007-02-21 10:57:45 · answer #1 · answered by Anonymous · 0⤊ 0⤋
'supply and demand' these two units make up economy. A higher economy is higher demand. A lower economy is a higher supply. 'Distribution of goods' is a lot of letters it is easier to spell 'market'. Your question seems to answer it self. Communism does not support private ownership, North Korea is communist. Feudalism????? if it exist,
2007-02-21 20:35:49 · answer #2 · answered by Michael P 2 · 0⤊ 0⤋
Market Economy 100%! Unless you talk to a politician, lol! Stupid Liberals!
2007-02-23 02:29:53 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I choose answer a. Market Economy
Check out
http://en.wikipedia.org/wiki/Market_economy
2007-02-21 19:00:16 · answer #4 · answered by natural_lee_sweet 2 · 0⤊ 0⤋
I'd have to go with a. Market Economy. (I don't know if I'm right or not, but I think I am)
2007-02-21 19:02:10 · answer #5 · answered by mattk442001 3 · 0⤊ 0⤋