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Choose
Traditional
Communism
Capitalism
Socialism
rates people to hunt, gather, or farm.
ists in modern society.
profit. 5 point
5 point"
The government sets wages, so people aren't Choose Traditional Communism Capitalism Socialism rates people to hunt, gather, or farm. ists in modern society. profit. 5 point 5 point
Solución
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Ivetteprofessionell · Tutor durante 6 años
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The correct answer is 'Socialism'.
Explicar
## Step 1<br />The question is asking us to identify the economic system where the government sets wages and rates people to hunt, gather, or farm. This is a description of a system where the government controls the economy and decides what goods and services to produce, how to produce them, and who gets to consume them.<br /><br />## Step 2<br />The options provided are Traditional, Communism, Capitalism, and Socialism. We need to choose the one that best fits the description given in the question.<br /><br />## Step 3<br />Traditional economies are based on customs and traditions, and they do not typically involve government control over wages and rates. Therefore, this option does not fit the description.<br /><br />## Step 4<br />Capitalism is an economic system where private individuals and businesses control the economy, and the government does not typically set wages and rates. Therefore, this option does not fit the description either.<br /><br />## Step 5<br />Socialism is an economic system where the government controls the economy and decides what goods and services to produce, how to produce them, and who gets to consume them. This fits the description given in the question.<br /><br />## Step 6<br />Communism is an extreme form of socialism where all property is publicly owned, and each person works and is paid according to their abilities and needs. This does not fit the description given in the question.
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