there are few choices of different consumer goods.
unemployment and job instability are not issues; everyone is guaranteed a job.
decisions are decentralized and made by individual entrepreneurs
there are many choices of consumer goods.
there is constant competition and discovery of new technologies.
economic property is privately (individually) owned and controlled.
decisions are decentralized and made by individual entrepreneurs
there are few choices of different consumer goods.
unemployment and job instability are not issues; everyone is guaranteed a job.
there are many choices of consumer goods.
income inequality is part of the system.
there are few choices of different consumer goods.
unemployment and job instability are not issues; everyone is guaranteed a job.
economic property is privately (individually) owned and controlled.