Which would determine what to produce

Reference no: EM133613782

Problem: Complete the following phrase with the best option presented below: A biblical perspective on economics: Group of answer choices Incorporates the collective ownership of property; property must be redistributed through a progressive individual tax system. Assumes a centralized economy managed by civil government, which would determine what to produce, how much to produce, when to produce, and the price-point of production and labor. Asserts freedom of enterprise, civil protection of private property, and lawful contracts. Demands the public ownership of all property for the sake of assisting the poor through government subsidies and money transfers.

Reference no: EM133613782

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