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Capitalism :)
What else can I help you with?
An economic system in which companies compete for profits is known as what?
Capitalism
What is an economic system in which business leaders use profits to expand their companies?
Industrial Capitalism
What happens in a capitalists system?
Capitalism is an economic system in which private companies run their business solely without government intervention. These private companies decides own their own , what product to make, where to sell, cost of production. profits on sales etc.
What is the economic system in which the means production and distribution are privately owned and operated for profit under competitive conditions?
The definition of capitalism is an economic system in which the means of production and distribution are privately or corporately owned and the operations are funded by profits. An example of capitalism is the prison system in the United States being operated by private companies.
What is the economic system in which the means of production and distribution are privately owned operated for profit under competitive conditions?
The definition of capitalism is an economic system in which the means of production and distribution are privately or corporately owned and the operations are funded by profits. An example of capitalism is the prison system in the United States being operated by private companies.
What is the economic system in which means of production and distribution are privately owned and operated for profit under competitive conditions?
The definition of capitalism is an economic system in which the means of production and distribution are privately or corporately owned and the operations are funded by profits. An example of capitalism is the prison system in the United States being operated by private companies.
What role companies play in free enterprice system?
Companies create employment and compete to efficiently satisfy consumer demands in the free enterprise system.
An economic system where all businesses is controlled by people who share equally in the profits is called?
Capitalism
In which system do privately owned companies compete for profit in an open market?
(Apex Learning) Capitalism.
Why do businesses complete in a free enterprise system?
Businesses compete in a free enterprise system to maximize profits, innovate, and capture market share. This competition drives efficiency and encourages companies to improve their products and services to meet consumer demands. Additionally, competition fosters a dynamic marketplace where businesses must adapt to changing consumer preferences and economic conditions, ultimately benefiting consumers through better choices and lower prices.
Why do businesses compete for free enterprise system?
To gain profits
How did the cost-plus system sped up war production?
B. providing larger profits for companies that worked fast and produced a lot.
