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Q: Which term best describes the major elements of the American economy in which competition profit private property and economic freedom are emphasize?
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What describes Adam Smiths ideas about the cause of economic growth?

Free markets, competition, laissez-faire


What describes the american economic system?

Mixed-market. A+


What best describes Adam smiths ideas about the causes of economic growth?

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The Free Market system is designed for competition.


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Congress had imposed new tariffs to protect American industry from foreign competition.


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What best describes the impact of postwar economic growth on minority groups?

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