Modern comparative economists would object to the, Ask an Expert

Economics

Modern comparative economists would object to the definition of economic systems only in terms of property ownership arrangements, because

a. they recognize that ownership arrangements are not important.

b. there is some private ownership of property in every economic system.

c. ownership arrangements are only one aspect of the economic system.

d. resource allocation procedures are much more important than property ownership.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91296173

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