Asked by Amanda Schneck on May 13, 2024

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Verified

In the former Soviet Union most goods and services were produced by _____________;in the United States most goods and services are produced by ____________.

A) the government;private enterprise
B) the government;the government
C) private enterprise;the government
D) private enterprise;private enterprise

Private Enterprise

Businesses or economic activities owned and managed by individual private owners rather than by the state.

Former Soviet Union

The socialist state that existed from 1922 to 1991, comprised of Russia and several other republics, which disbanded, leading to the formation of independent countries.

  • Differentiate between economic systems (capitalism, socialism, communism) and their approaches to production and distribution.
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Verified Answer

SR
Shahd RashadMay 15, 2024
Final Answer :
A
Explanation :
In the former Soviet Union, the government was responsible for the production of most goods and services, reflecting its centrally planned economy. In contrast, in the United States, the production of goods and services is predominantly handled by private enterprises, indicative of its market-based economic system.