An open market economy is a unique feature of?

A. welfarism B. socialism C. feudalism D. capitalism Correct Answer: Option D D. capitalism Explanation An open market economy, also known as a free enterprise system or capitalism, is an economic system wherein goods and services are exchanged freely on an open...

A common feature of feudalism is?

A. hierarchical land ownership between the lords and the serfs B. private ownership of the means of production and distribution C. separation of powers D. fusion of powers Correct Answer: Option A A. hierarchical land ownership between the lords and the serfs...

A communist system recognises?

A. class division B. the need of individual C. human capital D. division of labour Correct Answer: Option B B. the need of individual Explanation communism is advocacy of a classless society in which private ownership has been abolished and the means of production and...

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