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Published byNoelia Fridge Modified over 10 years ago
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DSS Which of the countries has the least freedom to do business? (explain why next to your answer) a. Brazil b. Canada c. Cuba d. Russia
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Who owns businesses and farms? Private citizens and corporations
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Who decides what to produce and how much to produce? Private citizens and corporations
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Who decides how goods and services will be produced? Private citizens and corporations
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Who decides distribution methods and prices for goods and services? Private citizens and corporations
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Who decides the prices for goods and services? Buyers and sellers based on supply and demand
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How are property rights protected? Laws and a good court system protect peoples property rights
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How difficult is it to start your own business? Very easy, in a few days
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Who owns businesses and farms? Mostly owned by the government; some private ownership of small farms or businesses
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Who decides what to produce and how much to produce? Government planners
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Who decides how goods and services will be produced? Government planners
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Who decides distribution methods and prices for goods and services? Government planners
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Who decides the prices for goods and services? Government planners
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How are property rights protected? Some personal property rights allowed, but judges and the courts are run by the central government
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How difficult is it to start your own business? Very little private business allowed
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Who owns businesses and farms? Private citizens and corporations for the most part; the government owns some larger industries such as steel
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Who decides what to produce and how much to produce? Private citizens and corporations for the most part; the government controls some larger industries such as steel
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Who decides how goods and services will be produced? Private citizens and corporations for the most part; the government controls some larger industries such as steel
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Who decides distribution methods and prices for goods and services? Private citizens and corporations for the most part; the government controls some larger industries such as steel
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Who decides the prices for goods and services? Buyers and sellers based on supply and demand
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How are property rights protected? Laws are in place, but a poor court system is a problem for protecting property rights
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How difficult is it to start your own business? Somewhat time-consuming
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