Rank the three economic systems where the system with the least amount of government involvement is on the top and the system with the most government involvement is on the bottom.

Respuesta :

The three economic systems where the system with the least amount of government involvement stands on the top and the system with the most government involvement exists on the bottom are,

  • Capitalism
  • Socialism
  • Communism

What is an Economic system?

An economic system is a means by which societies or governments organize and distribute available resources, services, and goods across a geographic region or country. Economic systems regulate the factors of production, including land, capital, labor, and physical resources. An economic system, or economic order, is a system of production, resource allocation, and distribution of goods and services within a society or a given geographic area.

Capitalism exists in an economic system founded on private ownership of the means of production and their operation for profit. Central characteristics of capitalism contain capital accumulation, competitive markets, a price system, private property, property rights recognition, voluntary exchange, and wage labor.

Socialism is a left-wing to far-left economic philosophy and movement encompassing a range of economic systems characterized by the dominance of social ownership of the means of production as opposed to private ownership.

Communism is a far-left philosophical, social, political, and economic ideology and movement whose goal is the establishment of a communist society, namely a socioeconomic order based on the idea of common ownership of the means of production, distribution, and exchange—allocating products to everyone in the society.

Hence, The three economic systems where the system with the least amount of government involvement stands on the top and the system with the most government involvement exists on the bottom are,

  • Capitalism
  • Socialism
  • Communism

To learn more about Economic system refer to:

https://brainly.com/question/26360576

#SPJ4

ACCESS MORE
ACCESS MORE
ACCESS MORE
ACCESS MORE