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The economic system that is based on private ownership and competition motivated by profit is called?
Capitalism
What economic system is based on private ownership and competition motivated by profit?
market economy
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.
How is the concept of a normal return on investment related to the distinction between business and economic profit?
Economic profit is the profit made on an investment of some sort in which inflation and other economic factors have been considered. Normal return on investment is just the net profit made in the investment (simple subtraction).
Capitalism is an economic system based on?
Ownership of the means of production by a small minority; wages system; production for sale and profit; exploitation
What does a capitalist economic system encourag?
private business ownership
The economic system that is based on private ownership and competition motivated by profit is called?
Capitalism
What economic system is based on private ownership and competition motivated by profit?
market economy
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.
How is the concept of a normal return on investment related to the distinction between business and economic profit?
Economic profit is the profit made on an investment of some sort in which inflation and other economic factors have been considered. Normal return on investment is just the net profit made in the investment (simple subtraction).
Capitalism is an economic system based on?
Ownership of the means of production by a small minority; wages system; production for sale and profit; exploitation
What is the ownership of apple inc?
Apples ownership is private because it is a profit making business
What is the private ownership of capital?
Private ownership of capital refers to the legal and economic system where individuals or corporations have the right to own, control, and utilize assets, resources, and means of production for profit. This ownership allows them to make decisions regarding investment, production, and distribution without direct government control. It is a fundamental principle of capitalism, fostering competition and innovation but can also lead to wealth disparities and market failures if not regulated.
Type of economy with private ownership control and profit?
Capitalism. type of profit control?
Which is not a characteristic of the capitalist system?
Capitalism is based on private ownership, entrepreneurship, supply, demand, and profit. Other economic systems do not embrace all of these characteristics.
What does capitalism depend on?
The profit motive and the exploitation of the working class.
Economic system based on investment and profit?
Capitalism
