Throughout history different countries have used different organizing methods to answer the basic economic questions. The command system (socialism or communism) is not as prevalent today as in the past. We will focus on the market system.
{"Image DocumentName": "Throughout history different countries have used different organizing methods to answer the basic economic questions. The command system (socialism or communism) is not as prevalent today as in the past. We will focus on the market system.", "Image ImageDescription": "Some of the main characteristics of a market system are. Private property Freedom of enterprise and choice. Self-interest Competition. markets and prices Technology and capital. Specialization of resources Use of money. Active, but limited, government.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}