What kind of economy uses a free-enterprise system? a. closed economy b. command economy c. market economy d. traditional economy

The third answer is correct (C).

A market economy is characterized by the free entry and exit of competing firms and the free mobility of factors of production. This model aggregates a large number of companies and is governed by free competition and the Law of Supply and Demand.

The Law of Supply and Demand determines the price of products. If demand is high, price and output increase. If demand decreases, price decreases and quantity produced as well, because producers lose the incentive to produce.

In this way, the companies are not able to determine the prices, being determinant for its permanence the efficiency in the mode of production. Companies with high production costs succumb to competition and are eliminated from the market.

The third answer is correct (C).

A market economy is characterized by the free entry and exit of competing firms and the free mobility of factors of production. This model aggregates a large number of companies and is governed by free competition and the Law of Supply and Demand.

The Law of Supply and Demand determines the price of products. If demand is high, price and output increase. If demand decreases, price decreases and quantity produced as well, because producers lose the incentive to produce.

In this way, the companies are not able to determine the prices, being determinant for its permanence the efficiency in the mode of production. Companies with high production costs succumb to competition and are eliminated from the market.

absolute poverty the condition of having too little income to buy the necessities-- food, shelter, clothing, health care.

achieved status a social position (status) obtained through an individual's own talents and efforts.

affirmative action the requirement that employers make special efforts to recruits hire and promote qualified members of previously excluded groups including women and minorities.

aggregate a collection of unrelated people who do not know one another but who may occupy a common space--for example, a crowd of people crossing a city street.

agrarian societies societies in which large scale cultivation using plows and draft animals is the primary means of subsistence.

alienation the separation or estrangement of individuals from themselves and from others.

amalgamation the biological as well as cultural assimilation (merging) of racial or ethnic groups.

anomalies in science observations or problems that cannot be explained or solved in terms of a prevailing paradigm.

anomie a breakdown or confusion in the norms, values, and culture of a group or a society. a condition of relative normlessness.

anomie theory the theory suggesting that deviance and crime occur when there is an acute gap between cultural norms and goals and the socially structured opportunities for individuals to achieve those goals.

anticipatory socialization the process of taking on the attitudes values and behaviors of a status or role one expects to occupy in the future.

apartheid the recent policy of racial separation in south africa enforced by leg

explanation:

a bad leader