Two basic types of economic systems distinguish contemporary industrial societies ?
Correct answer: D. capitalism and socialism
- A. capitalism and communism
- B. capitalism and dictatorshipsHire Grant Writers
- C. socialism and communism
- D. capitalism and socialism
Explanation
The two broad economic systems used to classify contemporary industrial societies are capitalism, based mainly on private ownership, and socialism, based mainly on collective or state ownership. Communism is a more specific political-economic form rather than the usual paired classification here.
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