Which of the following is the guiding economic philosophy of the free enterprise system?

This question is incomplete. Here is the complete question:

Which of the following is the guiding economic philosophy of the free enterprise system?

socialism

communism

Marxism

capitalism

The correct answer is Capitalism.

Explanation:

The economic and social system called capitalism is the one which the means of production are in charge of private sector. Its fundamental sources of production are labor and capital.

In this system, capital is the one who generates wealth and through the market, is in charge of distributing resources. And just that is what is also understood by free enterprise system.

the correct answer is a) egypt and china.

egypt and china are two of the world’s oldest civilizations known by man. both ancient empires have left a great historic and cultural legacy to the world through archeology. both civilzations developed complex social relations, had deep religious beliefs, had dominion of agriculture and left writing records to understand their customs and culture.

among the requirements to consider a civilization, we find urbanization, writing records, a place of residence, agriculture methods, technological specialization, means of transportation, currency, population density, social stratification, and political integration.

the wants of children today than in colonial times are very different. as well as the roles. children now have electronics such as phones, tablets, tvs, etc. back then, kids didn’t have electronics. in the colonial times, children were expected to their parents in their work. but now, children are expected to go to school.

hope i

-lavira : )