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What is an economic system which allows individuals to own and operate private businesses?
Wiki User
∙ 13y ago
Capitalism
Wiki User
∙ 13y ago
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Economic system in which private businesses run most industries?
Capitalism is an economic system in which individuals and private businesses run most industries
What type of economy is an economic system in which private businesses can operate freely with minimal state control?
mj
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 part of the economy involves the transactions of individuals and businesses?
Private sector
What part of the economy involves the transactions of individuals and businesses?
Private sector
Economic system in which private businesses run most industries?
Capitalism is an economic system in which individuals and private businesses run most industries
What type of economy is an economic system in which private businesses can operate freely with minimal state control?
mj
Free enterprise in a sentence?
Free enterprise refers to an economic system where individuals and businesses have the freedom to own and operate their own businesses, make independent decisions about production and consumption, and compete with others in the market.
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.
Bureaucratic units operate like a private businesses?
government corp. i think
Which part of the economy involves the transactions of individuals and businesses?
Private sector
What part of the economy involves the transactions of individuals and businesses?
Private sector
Government corporations are bureaucratic units designed to?
operate like private businesses (plato)
What are two entities that make the majority of economic decisions in the free market?
Private households, and Private businesses
British gas is a private sector business what does this mean?
Businesses are owned by either the private sector, or businesses are state owned. It means that the British government does not own it; private individuals own it.
Who owns the businesses in Capitaliam?
In Capitalism, businesses are owned by private individuals, corporations, or share holders depending on the company.
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.
