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Economic system in which private businesses run most industries?
Capitalism is an economic system in which individuals and private businesses run most industries
What is an economic system which allows individuals to own and operate private businesses?
Capitalism
What is private health care system?
A private health care system is a medical system run independently from the State funded either by personal out of pocket payments or an individuals medical insurance.
What is the most fundamental right of the private enterprise system?
Freedom of choice is a fundamental right of individuals who work in a private enterprise system. The ownership of property and profits are also fundamental rights of the system.
In which economic system are the production and distribution of goods owned by private individuals or corporations?
market
What is a production determined by individuals and private groups?
A production determined by individuals and private groups is referred to as a market economy. In this system, decisions about production, consumption, and investment are guided by individuals and businesses operating in a competitive market environment rather than by government intervention.
What is exploitation chiefly for financial gain is called?
Exploitation chiefly for financial gain is known as "capitalism" — a system where private individuals and corporations own the means of production and seek to maximize profits by exploiting labor and resources.
An economic system based on private property and free enterprise is called?
Capitalism
A system of governament in which there is no private property and the government owns everything?
It is called Containment.
How are financial assets created in the free enterprise system?
Financial Assets are created in the free enterprise system using private individuals wealth, and they purchase things.
What is a free system?
A free enterprise system allows individuals to make their own economic decisions, without interference from the government. Free enterprise is a private profit-potential businesses system.
Is defined as an economic and political system in which a country's trade and industry are controlled by private owners for profit rather than by the state.?
This system is known as capitalism. In capitalism, private individuals or companies own and operate the means of production and distribution of goods and services, with the goal of generating profit. The market largely dictates economic activities through supply and demand, while the government's role is typically limited, focusing on regulation and maintaining the rule of law.
