Use the following spectrum diagram to answer questions
-If B on the spectrum above represents a resource ownership system where individual people, household, or businesses have tradable ownership rights to resources, what type of resource ownership system is represented by A?
A)Command
B)Socialist
C)Market
D)Capitalist

Question

Use the following spectrum diagram to answer questions 
-If B on the spectrum above represents a resource ownership system where individual people, household, or businesses have tradable ownership rights to resources, what type of resource ownership system is represented by A?
A)Command 
B)Socialist 
C)Market 
D)Capitalist

Quizplus · Accepted Answer

A represents a socialist resource ownership system where the resources are collectively owned and controlled by the state or community as a whole, rather than by individuals or businesses.

Use the Following Spectrum Diagram to Answer Questions