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Economic system in which private businesses run most industries?
Wiki User
∙ 6y ago
Capitalism is an economic system in which individuals and private businesses run most industries
Wiki User
∙ 6y ago
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An economic system in which the government owns major industries but allows private ownership of other businesses is called?
Socialism. Complete ownership by the state is Communism.
What is an economic system which allows individuals to own and operate private businesses?
Capitalism
What type of economy is an economic system in which private businesses can operate freely with minimal state control?
mj
Economic system in which businesses are owned by private citizens not by the government?
Capitalistic Economy... also known as Free-Enterprise
What is a free interprise 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.
An economic system in which the government owns major industries but allows private ownership of other businesses is called?
Socialism. Complete ownership by the state is Communism.
What is an economic system which allows individuals to own and operate private businesses?
Capitalism
What type of economy is an economic system in which private businesses can operate freely with minimal state control?
mj
Economic system in which businesses are owned by private citizens not by the government?
Capitalistic Economy... also known as Free-Enterprise
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.
What is a free interprise 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.
What is the economic system based on private ownership investment and profit?
Capitalism is the economic system based on private ownership and profit.
Economic system which people and privately owned companies own basic and non basic businesses?
Capitalism
What is the economic system in which private business operate competitively for profit with minimal government regulation?
An economic system in which businesses operate with little interference from the government is known as a free market economy. The United States is a good example of this type of economy.
Which economic system would have the least private ownership?
Planned economic systems would have the least private ownership.
Private ownership of businesses is a characteristic of what?
Free enterprise system
Businesses are owned by private citizens?
free enterprise system
