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The economic system that is based on private ownership and competition motivated by profit is called?
Capitalism
What are the key features of an economic system characterized by private or corporate ownership of capital goods?
An economic system with private or corporate ownership of capital goods is known as capitalism. Key features include private ownership of businesses, competition in the market, profit motive driving decision-making, and limited government intervention in the economy.
What is the economic system based on private ownership investment and profit?
Capitalism is the economic system based on private ownership and profit.
What economic system is based on private ownership?
capitalism
Under which economic system would you find the least private ownership?
Under communism, you would find the least private ownership.
The economic system that is based on private ownership and competition motivated by profit is called?
Capitalism
What economic theory is characterized by market competition and private ownership?
free market economy. think america
What are the key features of an economic system characterized by private or corporate ownership of capital goods?
An economic system with private or corporate ownership of capital goods is known as capitalism. Key features include private ownership of businesses, competition in the market, profit motive driving decision-making, and limited government intervention in the economy.
Which economic system would have the least private ownership?
Planned economic systems would have the least private ownership.
What is the economic system based on private ownership investment and profit?
Capitalism is the economic system based on private ownership and profit.
What economic system is based on private ownership?
capitalism
Under which economic system would you find the least private ownership?
Under communism, you would find the least private ownership.
What are the characteristics of a free- enterprise system?
Private ownership individual initiative profit competition
What economic system calls for a maximum of private ownership?
that would be capitalism, i believe
What does a capitalist economic system encourag?
private business ownership
What are four factors of free enterprise system?
private ownership, individual initiative, profit, and competition
Four fundamental factors of free enterprise?
Private ownership Individual Initiative Profit Competition
