THE COLD WAR 1950 1973
THE COLD WAR
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Capitalism
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Communism
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Command Economy
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None of the above
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Detailed explanation-1: -Capitalism is often thought of as an economic system in which private actors own and control property in accord with their interests, and demand and supply freely set prices in markets in a way that can serve the best interests of society.
Detailed explanation-2: -These include laissez-faire or free-market capitalism, anarcho-capitalism, state capitalism and welfare capitalism.
Detailed explanation-3: -Socialism is an economic and political system based on public or collective ownership of the means of production that emphasizes economic equality.
Detailed explanation-4: -Capitalism. Capitalism is an economic system in which the means of production are privately owned. By means of production, we mean everything-land, tools, technology, and so forth-that is needed to produce goods and services.