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free-market economy
The government does not interfere in business practices.
The government does not interfere in business practices.
A low-tch endeavor requiring little time or funding
The government does not interfere in business practices.
Free-market system - Protecting property rights. Socialism - Providing equality of wealth. Planned economy - Making production decisions.
free-market economy
Combining the other factors of production in a unique way to make a profit (A+)
The government does not interfere in business practices.
The government does not interfere in business practices.
budget deficit
A low-tch endeavor requiring little time or funding
The government does not interfere in business practices.
An outcome with benefits that are greater than the costs.
Cartel
Demand increases, pushing producers to increase supply --> overal demand decreases, reducing the incentivefor producers to icrease production
The government establishes a retirement program for its citizens.