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What is the economic system based on private ownership investment and profit?
Wiki User
∙ 9y ago
Capitalism is the economic system based on private ownership and profit.
Wiki User
∙ 9y ago
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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
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
Economic system based on investment and profit?
Capitalism
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
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
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.
Type of economy with private ownership control and profit?
Capitalism. type of profit control?
Economic system based on investment and profit?
Capitalism
Do capitalism and communism have similar views on the ownership of a business and its resources?
No, capitalism and communism have very distinct views about the allocation of resources in a society. Capitalism supports private ownership with the profit motive, deriving additional expansion by accumulating more capital from continual investment. Communism supports social ownership of social resources for the benefit of society, not for profit.
What does a capitalist economy system encourage?
private business ownership
What are the characteristics of a free- enterprise system?
Private ownership individual initiative profit competition
