Knowee
Questions
Features
Study Tools

Which economic system is least regulated?AcapitalismBsocialismCa mixed systemDcommunism

Question

Which economic system is least regulated?

  • A. capitalism
  • B. socialism
  • C. a mixed system
  • D. communism
🧐 Not the exact question you are looking for?Go ask a question

Solution

To determine which economic system is least regulated among the options provided, we need to analyze the characteristics of each system:

  1. Capitalism (A): This system is characterized by private ownership of the means of production and the operation of market forces. While there can be regulations in place, capitalism fundamentally relies on free markets, implying less government intervention compared to the other systems.

  2. Socialism (B): In socialism, the government often plays a significant role in regulating the economy and may own key industries. This system typically emphasizes equality and redistribution of wealth, which involves more regulations.

  3. Mixed system (C): A mixed economy combines elements of both capitalism and socialism. It features both private ownership and government regulation, leading to a moderate level of regulation, usually higher than pure capitalism.

  4. Communism (D): This is a classless system where the government controls all means of production. There is significant regulation as the state dictates all economic activities.

Final Answer

Considering the analysis, the economic system that is least regulated is A. Capitalism.

This problem has been solved

Similar Questions

Which economic system is least regulated?AcapitalismBsocialismCa mixed systemDcommunism

Which economic system is being practiced is most countries of the world?a.Market economyb.Traditional economyc.Mixed economyd.Command economy

An economy based on total government control over economic decisions is a _____.A.traditional economyB.command economyC.market economyD.mixed economy

The parts of an economy that have to do with the borrowing, investing, or transferring of money are collectively referred to as the _____ system.

22. Which type of economic system is followed in China? (1)(a) Mixed Economy(b) Socialist Economy(c) Capitalist Economy(d) None of these

1/2

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.