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Match the definitions on the left with their correct terms on the left. an economic system in which private business people make decisions about protection, resources are privately owned, and competition determines prices and what is produced A. capitalism B. collectivism C. communism D. individualism the things that are seen to be very important E. values the political, social, and economic system of certain countries in which the state, governed by a single party without formal opposition, owns all property, controls the production and distribution of goods and services, and to a great extent controls the social and cultural life of the people an ideology based on the importance of the group L-nsela best an ideology with a belief in the primary importance and virtues of self-reliance and personal independence

Match the definitions on the left with their correct terms on the left. an economic system in which private business people make decisions about protection, resources are privately owned, and competition determines prices and what is produced A. capitalism B. collectivism C. communism D. individualism the things that are seen to be very important E. values the political, social, and economic system of certain countries in which the state, governed by a single party without formal opposition, owns all property, controls the production and distribution of goods and services, and to a great extent controls the social and cultural life of the people an ideology based on the importance of the group L-nsela best an ideology with a belief in the primary importance and virtues of self-reliance and personal independence

Brief Principles of Macroeconomics (MindTap Course List)
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter2: Thinking Like An Economist
Section: Chapter Questions
Problem 2PA
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Assignmem Identity and ldeology Value Unit 1 Review 15 1. Match the definitions on the left with their correct terms on the left. an economic system in which private business people make decisions about protection, resources are privately owned, and competition determines prices and what is produced A. capitalism B. collectivism C. communism D. individualism the things that are seen to be very important E. values the political, social, and economic system of certain countries in which the state, governed by a single party without formal opposition, owns all property, controls the production and distribution of goods and services, and to a great extent controls the social and cultural life of the people an ideology based on the importance of the group foliowing beet an ideology with a belief in the primary importance and virtues of self-reliance and personal independence ed ter
Transcribed Image Text:Assignmem Identity and ldeology Value Unit 1 Review 15 1. Match the definitions on the left with their correct terms on the left. an economic system in which private business people make decisions about protection, resources are privately owned, and competition determines prices and what is produced A. capitalism B. collectivism C. communism D. individualism the things that are seen to be very important E. values the political, social, and economic system of certain countries in which the state, governed by a single party without formal opposition, owns all property, controls the production and distribution of goods and services, and to a great extent controls the social and cultural life of the people an ideology based on the importance of the group foliowing beet an ideology with a belief in the primary importance and virtues of self-reliance and personal independence ed ter
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