ECONOMICS
ECONOMIC SYSTEMS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Julie sells cold smoothies in the summertime to help everyone stay cool. But this summer, it was unusually cool! What will happen to the price of smoothies?
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The price will go up
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The price will go down
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Capitalism, also called a free enterprise system, is based on private ownership and on individual economic freedom.
Detailed explanation-2: -Definition. A command economy is a system in which a central government makes all economic decisions. Either the government or a collective owns the land and the means of production.
There is 1 question to complete.