What are economic issues going on right now?
What are response to heglian idealism key contributors and principle issues?
What are the fundamental elements of the free market economic system?
What is the basic principles of simplifying a polynomial?
What is the foundation of the U.S. economic system?
What kind of economic system is used in the United States?
What type of economic system does the US have?
Socialist economies have the government own all major means of production but homes and small businesses are private. In a communist system, the government owns everything.
A key principle is the existence of a planned economy, as opposed to free market economy. Supply is strongly influenced with state-run companies, and demand through price and wage control.
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