What factors caused American business to develop into mixed economic system rather than any other type of economic system?

Q: The US market economic system is the same as a command/planned economy. (T or F).

A: In a market, command economic system refers to the situation when the activities performed by buyers…

Q: Describe the types of economic systems. In less than 100 words only.

A: An economic structure is a way for communities  to coordinate and disperse capital, utilities, and…

Q: Who owns and who controls the major factors of production?

A: An economy includes all production of goods and services, all selling and buying and all employment.…

Q: Critically discuss the types of economic systems which exist and provide examples of countries where…

A: An economic system can be defined as any system that includes a mechanism for the production,…

Q: Create an entrepreneurship and socio-economic development relationship mind map. In your…

A: Answer: Entrepreneurship: entrepreneurship refers to the ability of an individual or group of…

Q: how do money and debt play a decisive role in the development of the market logic of capitalism?

A: Many businesses and people utilize debt to finance significant expenditures that they otherwise…

Q: After comparing the advantages and disadvantages of entrepreneurship,you think you can realistically…

A: Entrepreneurship refers to the phenomenon in which an individual is responsible for the setting up,…

Q: What are the characteristics of a traditional economy?

A: A traditional economy may be a system that relies on customs, history, and time-honored beliefs.…

Q: What in your view has led to an increase in the level of organisational competitiveness in modern…

A: Different economic enterprises compete for commodities that are limited by adjusting the parts of…

Q: Capitalism is defined as an economic system in which a country's trade, industry and profits are…

A: Capitalism or in other words it is market market economy where the economic decision what to produce…

Q: Economic system What is pure capitalism? What is command? What is traditional? What is socialism?…

A: Economic system is defined as the system under which the economic activities of production,…

Q: Marx and Engels ([1848] 1967) argued that market-based capitalism was the most dynamic force in the…

A: The activities or policies that lead to improving the well-being and quality of the economy are…

Q: Which is NOT a type of business organization? Sole proprietorship Corporation Enterprise Partnership

A: The correct answer is given in the second step.

Q: Case study : Experts Propose a Process for Increasing Innovation To what extent is the process…

A: Innovation is important for innovating communities to a great extent.

Q: Identify the type of economic system. Enumerate one advantage and disadvantage per…

A: Laissez-faire is an economic concept where the market is believed to be free from any government…

Q: What are the important forms of production?

A: The concept depicts the way in which businesses tend to take inputs and then convert them into…

Q: What factors caused American business to develop into a mixed economic system rather than some other…

A: The American economy, like most first-world economies, follows a mixed economic system. Under a…

Q: What is Organization in terms of business?

A: In business, organization is an institution or an entity which consists of one or more than one…

Q: How did beliefs about business (capitalism) lead to economic growth and innovation.

A: Capitalism represents the economy having full power in hand of producers or investors. They work…

Q: If you have an idea of a product, a process or a service that you think will be in demand,…

A: In a market, an individual wants to operate a business with having an idea, process, and strategy…

Q: Looking at the chart above Describe how technology is projected to affected the demand and supply of…

A: Technology – As more and more innovation and new ways to produce the goods leads to a reduction in…

Q: Define economics and describe the two types of economic systems: capitalism and command economy.

A: Economics refers to social science dealing with the generation, distribution, and the consumption of…

Q: In factor markets, entrepreneurs

A: Government and central bank control the financial and economic functioning of a particular economy.…

Q: Explain capitalism or free market structure

A: Free Market Structure: when the government does not have any or less control over the economic…

Q: Which type of economic system do you support? Why?

A: The mixed economic system, market economic system, and the command economic system are the three…

Q: capitalism

A: Capitalism represents the economy having full power in hand of producers or investors. They work…

Q: How does the division of labor increase productivity?

A: According to Adam Smith Division of labor is the concept where the task is divided in to different…

Q: Explain with examples various economic systems exist in the world.  Oman following which economic…

A: There are three basic economic structures followed across the world:   capitalist economic…

Q: discuss the types of economic systems which exist and provide examples of countries where the…

A: A system for coordinating and distributing resources, services, and goods throughout a region or…

Q: What is Mixed Economic System?

A: A Mixed Market Economy or Mixed Market System is a combination of several parameters of market…

Q: Characteristics of free market economy

A: In every economy, the resources available for satisfying the wants and desires of the individual are…

Q: A disadvantage of a traditional economic system is

A: Traditional Economic System is that system which relies on agriculture and is based upon beliefs,…

Q: Give Some examples of different types of productivity measures?

A: The output produced per unit of input is called the productivity. Some of the different types of…

Q: Does innovation start with creativity? Do you agree? Why or Why not?

A: The given statement is correct. Creativity is the ability or act of making something original and…

Q: Apply the mixed economy as an economic system in Bahrain economy using examples?

A: There are three type of economy one is market exonomy , command economy and mixed economy .  Mixed…

Q: What does this mean? “Capitalism is the supreme expression of human creativity and freedom, an…

A: Capitalism is a system wherein the individuals and businesses own capital goods. A market economy is…

Q: Describe an interaction in the business world that can be described as each of the following. Note…

A: Since you have asked multiple questions, we will solve the first two for you. If you want any…

Q: institutions

A: The Bretton Woods Institutions are the World Bank and the International Monetary Fund (IMF). They…

Q: Karl Marx referred to the business owners as

A: The struggle between social classes tends to define relations in an economy that would be leading…