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An economic system in which companies compete for profits is known as what?
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∙ 7y ago
Capitalism
Keya Maxwell
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What is an economic system in which business leaders use profits to expand their companies?
Industrial Capitalism
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 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.
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.
An economic system in which companies compete for profits is known as?
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 compete for free enterprise system?
To gain profits
An economic system where all business is controlled by people who share equally in the profits is called?
Libertarian Socialism is the economic system based on equal collective ownership of property. It includes Social anarchism and libertarian Marxism.
How do you stop child slavery in the world?
By abolishing an economic system that relies on profits and exploitation.
