What is the role of profit in the economic system

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Reference no: EM133428838

Question: Create a chart that compares different economic systems. You should focus on command, free enterprise (market), and mixed economic systems. Compare and contrast the following: production and distribution of goods and services (Who produces what, who gets what, how do they get it?), consumer choices (How many choices does a consumer have if they want a good or service? To what degree does competition exist?), profit (What is the role of profit in the economic system?), productivity (How productive are the workers in the economic system? Is there an incentive to be productive?), property rights (Who owns the natural, physical, and human capital in the economic system?), advantages, and disadvantages

Reference no: EM133428838

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