What type of economy is based on private property, supply and demand, and unregulated markets, and is a system where the common good is maximized when all members of society are allowed to pursue their rational self-interests.

Who owns the means of production in a socialist economy?

A rural community practices subsistence farming, and operates on a cottage industry system in which they provide for their basic needs at home. There is little if any government insolvent. What type of economy does this rural community practice?

What type of economy would allow little if any private property, and permit only collective farming with economic decisions being made by the government?

The federal government of country Y has just taken control of a privately owned bank. Which type of economy does this government practice?

The Soviet government planning agency set wages, prices and production quotas while the Chinese Five-Year economic plans emphasized large scale industry and collectivizing agricultural production. These government programs are examples of a

How did the Trans-Siberian railroad impact the culture of the communities it was built around?

Which characteristic most influences the location of industrial centers in the United Kingdom?

In 2011, a volcano erupted and pushed a body of water inland, destroying Japan's infrastructure and resulting in a high loss of life and property. What term describes this event?

Which geographic factor has most influenced the cultures of the Sahara?

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