marx feudalism
help as soon as possible please?
259. the system where private ownership is widely accepted and supply and demand determine the distribution of goods and servises is called.
a. market economy
b. communism or socialism
c. feudalism
d. is the same system currently used in north korea
e. a and d
260. the authoor of the book which explained the process in which the market economy works (the wealth of nations) was.
a. karl marx
b. adam smith
c. maynard keynes
d. david ricardo
e. none
259 = I would have to say (A) Market Economy: More info @ http://en.wikipedia.org/wiki/Market_economy
260 = (B) Adam Smith: http://en.wikisource.org/wiki/The_Wealth_of_Nations
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