The key difference in comparing economic systems is the ownership of enterprises and who has the "right to profits." Also, the rights of employees and worker incentives differentiate the various economic systems that affect individuals' economic lives. Based on our coverage of economic systems and your own knowledge and experience, which economic system is best?
In my opinion, a mixed economy is the best economic system as it is neither highly regulated capitalist environment nor a... View the full answer
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We can divide an economic system on the basis of ownership of Enterprises and the right to profits as socialism, capitalism... View the full answer