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Q: Which eeconomic system is based on individual choice?
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Which economic system is based on individual choice?

Free market economic systems encourage competition and entrepreneurship through the idea of free choice with little to no government interference or barriers. This is contrast to strict command market economic models such as Stalinism and War Communism where commercial questions are strictly under state control.


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What is the root word of arbitrary?

The root word of "arbitrary" is "arbitr-" from the Latin word "arbitrarius" meaning "based on an individual's judgment or choice."


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What is a system of social stratification that is based on both ascribed status and individual achievement?

A system of social stratification that is based on both ascribed status and individual achievement is a meritocracy. In a meritocracy, individuals can move up or down in social standing based on their abilities, skills, and accomplishments, in addition to factors such as family background or social class.


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Why did the former Soviet Union use a command economic system instead if one based on prices?

The former Soviet Union used a command economic system instead if one based on prices it hoped to create a society in which everyone had the same choice.


In what areas of life do the members of the community have free choice the giver?

In "The Giver," members of the community do not have free choice in their jobs, spouses, or families. The elders assign roles and responsibilities based on skills and preferences, resulting in a lack of individual autonomy in these aspects of life.