0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
In which economic system are the production and distribution of goods owned by private individuals or corporations?
market
Economic system in which businesses are owned by private citizens not by the government?
Capitalistic Economy... also known as Free-Enterprise
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 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.
An economic system where people can start their own business?
The Capitalist Economic System bc it is privately owned
What do capitalistic?
Capitalism is the economic system mostly owned by private corporations and operated for profit. This is in contrast to communism, where the economic system is mostly owned by the state.
In which economic system are the production and distribution of goods owned by private individuals or corporations?
market
Economic system in which businesses are owned by private citizens not by the government?
Capitalistic Economy... also known as Free-Enterprise
What system puts the means of production in the hand of private owners?
Capitalism is the stystem whereby private owners own the means of production; contrasting with communism where it is owned by the state or 'the people.' However it is not as clear cut as that, as in several mixed economies different means of production are owned by the private or public sector; do acknowledge that there is no 100% communist or capitalist system that has ever worked or been suggested as a viable possibility.
What do capitalists believe?
Capitalists believe in a free market economy with minimal government intervention, where individuals and businesses can freely engage in trade and competition. They emphasize the importance of private ownership of the means of production and believe that profit incentives drive innovation and economic growth.
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 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 type of economic system was developed by Marx?
Marx developed the concept of a communist economic system where the means of production are owned collectively by the workers rather than by private individuals or corporations. In this system, there would be no private property and goods and services would be distributed based on need rather than profit.
An economic system where people can start their own business?
The Capitalist Economic System bc it is privately owned
What businesses are owned by private citizens?
free enterprise system
Businesses are owned by private citizens?
free enterprise system
