In Denmark, the resources of the country are utilized efficiently to produce socially useful goods without considering the profit margin into account. This is because of the economic system of the country. What do you think about the economic system of Denmark? a. Denmark have market economic system b. Denmark have capitalist economic system c. Denmark have socialist economic system d. Denmark have mixed economic system
In Denmark, the resources of the country are utilized efficiently to produce socially useful goods without considering the profit margin into account. This is because of the economic system of the country. What do you think about the economic system of Denmark? a. Denmark have market economic system b. Denmark have capitalist economic system c. Denmark have socialist economic system d. Denmark have mixed economic system
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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In Denmark, the resources of the country are utilized efficiently to produce socially useful goods without considering the profit margin into account. This is because of the economic system of the country. What do you think about the economic system of Denmark?
a.
Denmark have market economic system
b.
Denmark have capitalist economic system
c.
Denmark have socialist economic system
d.
Denmark have mixed economic system
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