Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following descriptions of various political/economic models is INCORRECT? Question 2 options: Communism - An economic and political model that strives to replace

Which of the following descriptions of various political/economic models is INCORRECT? Question 2 options: Communism - An economic and political model that strives to replace private property and profit making with public ownership and communal control. Capitalism - A system in which individuals are motivated by profit and private ownership of the means of production is promoted over government control. Populism - When people lose trust in their government and seek to put people in power who act, look, or share political beliefs in hopes of creating a government that's more sympathetic to their economic or political situation. Nationalism -- a system of government by the whole population or all the eligible members of a state, typically through elected representatives

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Bank Management

Authors: Timothy W Koch, Mark S Cracolice

7th Edition

1111804265, 9781111804268

More Books

Students also viewed these Economics questions

Question

2. To store it and

Answered: 1 week ago