Homework answers / question archive / University of North Carolina, Greensboro MGT 301 Chapter Three 1)The ultimate goal of a market economy is to achieve a wide range of political, social, and economic objectives by taking complete control over production and distribution of the nation's resources

University of North Carolina, Greensboro MGT 301 Chapter Three 1)The ultimate goal of a market economy is to achieve a wide range of political, social, and economic objectives by taking complete control over production and distribution of the nation's resources

Management

Share With

---

University of North Carolina, Greensboro

MGT 301

Chapter Three

1)The ultimate goal of a market economy is to achieve a wide range of political, social, and economic objectives by taking complete control over production and distribution of the nation's resources.

 

2. A democracy is a political system in which government leaders are elected directly by the wide participation of the people or their representatives.

 

3. The 20-year term granted for patents by the World Trade Organization begins when a patent is finally granted.

 

4. A country's economic system consists of the structure and processes it uses to allocate its resources and conduct its commercial activities.

 

5. Civil law can be more adversarial than common law because civil law relies more on the need to interpret laws.

 

6. A political system that is under the control of totalitarian religious leaders is called secular totalitarianism.

 

7. German philosopher Helmut Newton popularized the idea of central planning in the nineteenth century.

 

8. Central planning is rooted in the ideology that the welfare of the group is more important than individual well-being.

 

9. Hindu law is the most widely practiced theocratic legal system today.

 

10. Anarchism is the belief that every aspect of people's lives must be controlled in order for a nation's political system to be effective.