week 19 day 3- comparing the european economies- chart answers
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Comparing the Economies of the United Kingdom, Germany, and Russia
United Kingdom
Who owns businesses and farms?
Individual citizens and corporations
Who decides what to produce and how much to produce?
Individual citizens and corporations
Who decides distribution methods and prices for goods
and services?buyers, and sellers, based on supply and demand
Who decides the prices for goods and services?
buyers, and sellers, based on supply and demand
How difficult is it to start your own business?
Very easy (days)
Germany
Who owns businesses and farms?
Individual citizens and corporations
Who decides what to produce and how much to produce?
Individual citizens and corporations; there is some regulation by the government
Who decides distribution methods and prices for goods
and services?Individual citizens and corporations; there is some regulation by the government
Who decides the prices for goods and services?
Individual citizens and corporations; there is some price regulation by the government
How difficult is it to start your own business?
Very easy (days)
Russia
Who owns businesses and farms?
The government owns most; some private ownership
Who decides what to produce and how much to produce?
Individual citizens and corporations for the most part; the government controls many large businesses
Who decides distribution methods and prices for goods
and services?Individual citizens and corporations for the most part; the government controls many large businesses
Who decides the prices for goods and services?
Individual citizens and corporations for the most part; the government regulates prices of some products
How difficult is it to start your own business?
Time consuming(months)